Is Microsoft Slowly Swallowing Nokia? Buys Nokia’s Phone Business Now [RUMOR]

Must Read

Apple Store In India: More Of Disappointment Than Excitement?

Apple has started making moves to strengthen its presence in India. With the launch of Apple online...

Windfall! Online Grocery Market In India Looks Set For Purple Patch Ahead

Silver linings are clearly in short supply in the pandemic fuelled world that we have come to...

Facebook’s Chasm Of Distrust: An Ever-Deepening Divide

Facebook, the world's most popular social media platform has failed measurably as it is voted as the...

I am not sure how to address this situation as there are many ideas fighting each others to justify their ‘real’ sense. It has not been much time when Microsoft and Nokia packed themselves together through a controversial and criticized marriage. Now reports are claiming that Microsoft has stroked another deal to acquire Nokia’s mobile phone business for $19 billion.

Nokia’s business model is divided into three categories – Mobile Phones, Smart Devices and Markets. The overall company valuation is approximate $38 billion. If Microsoft manages to gain control over Nokia’s Mobile phone division “legally”, company will have the significant contribution in all future directives of Nokia.

However, it will only come as “biggest blow” for Nokia and possibility for Nokia’s current CEO Stephen Elop who was much criticized by many board members of Nokia for putting their bet on Windows mobile platform for all Nokia’s Smartphones in future. And, if the new development ever comes to an existence, fingers will be raised straight to him with a big question mark on his loyalty towards Nokia. Reason, Stephen was ex-Microsoft top executive who was heading company’s Office Business!

Advertisements

Both the companies has denied to comment on such rumors and we can only wait to listen directly from the horse’s mouth when Stephen Elop will hit the speaker floor in D9 event on Wednesday afternoon.

Update: Microsoft CEP Stephen Elop has just responded to acquisition rumors and denied any possibilities of Microsoft overtaking Nokia’s mobile business. Elop says “We have a great plan for our future, and we’re focused on executing that plan,” Elop told Bloomberg in an interview. “The rumors are all over the place. There’s no basis for them.” According to Bloomberg’s report, Elop claims not only that a deal hasn’t been reached, but that Nokia has never discussed a potential acquisition with Microsoft.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Windfall! Online Grocery Market In India Looks Set For Purple Patch Ahead

Silver linings are clearly in short supply in the pandemic fuelled world that we have come to...

$4.6 Billion Incentive For Companies To Push Electric Vehicle Adoption In India

The Electric Vehicle (EV) market in India is at a nascent stage. So far, the sales of EVs have been encouraging, albeit...

Amazon Luna Is Here To Eat Into The Cloud Gaming Market, Dominated By Google And Microsoft

The cloud gaming space has been one of the key interest areas of Amazon for quite some time. Today, the eCommerce giant...

Facebook’s Chasm Of Distrust: An Ever-Deepening Divide

Facebook, the world's most popular social media platform has failed measurably as it is voted as the least trusted social media platform...

With 9.8 Million Users Coursera Observes Boom Of Online Education In India

The global outbreak of Covid-19 has changed the lifestyle of people and almost every industry has resorted to online in a bid...

TikTok Oracle Deal: An Eyewash Or Mockery?

On Saturday, within few hours of US Department of Commerce announcing the ban on TikTok that would prevent users to download TikTok...

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded...

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter,...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one...

More Articles Like This