Should Mark Zuckerberg Try For The Acquisition Of Nokia?

Must Read

WhatsApp Might Lose 60 Million Indian Users Post Updated Policy Changes, New Survey Reveals!

The Facebook-owned instant messaging platform’s decision to update their privacy and terms of service brought about a...

Uber and Ola In Hot Water: India Authorities Launch Fresh Probe!

The Directorate General of Goods and Services Tax Intelligence (DGGI) sent a summons to Uber and Ola...

Happy B’Day Gordon Moore: One Of The Founding Fathers Of Silicon Valley

Gordon Earle Moore co-founded the paramount Intel Corporation (NASDAQ: INTC) with Robert Noyce in July 1968, which is worth $204.16...

It’s true that Facebook is trying a lot for the monetization of its mobile platform. However, the company is currently busy to carve a mobile app which could support ads tag along with better user experiences. The leading social networking website has reportedly stated on its blog that over 425 million user access the website every month through mobile device. At present, Facebook is trying to make every phone a “Facebook Phone”. There is also a probability that Facebook could launch its own mobile handset for making greater penetration in the market. Numbers of rumors are depicting that the social networking giant is working on its own mobile OS.  However, it’s very tough for Facebook to contend existing rivals like Apple and Google at present.

For some extent, if we consider that Facebook will try to acquire some other companies for mobile handsets development. However, it’s not possible for it to own iOS and Android. It has only two options either to buy Nokia or BlackBerry. Buying to BlackBerry, it might be a wrong deal for the company, but Nokia should be a good option.  The reason is quite obvious; Nokia has reached to its minimal value (see the graph below).

On Friday Last week, the net worth of Nokia reached to $9.3 billion on the New York Stock Exchange. The company has also reportedly declared to cut 10,000 jobs across the world. From the above graph, it’s clear, Nokia was worth about $269 billion in 2000 and really, it was just an initiation of indestructible bricks.

Advertisements

Last week, the company also instructed to its shareholders that they could meet even more loss in Q2 of this year compare to the prior quarter. In addition to these, the company has also decided to sell out its Vertu luxury mobile phone division to a private equity group for almost $250 million.

At present, company’s Windows Phone based Lumia models aren’t performing well and the company has stacked a lot on forthcoming Tablet, expected to come later this year. Previously, I discussed how Nokia’s 10-inch Tablet will be the last attempt for the company to survive in the market. If Nokia’s 10-inch Tablet business languishes then, undoubtedly, the company will have to look for potential mergers and I think, Facebook is appropriate candidate. Last month, Forbes released a list of billionaires, where it demonstrated that Mark Zuckerberg had a net worth of about $16.9 billion. Indeed, Mark can easily buy Nokia with this amount, besides, he will remain have $7.6 billion.

Image courtesy: Wired

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Snapchat Spotlight: A New Way for Creators to Earn Money

Short-form video applications have increased overwhelmingly in popularity in recent times. The surge in this format of...

COVID-19 Unemployment Leading To Ageing Indian Workforce, CMIE Reports

The latest data shared by the CMIE aka Centre for Monitoring Indian Economy has highlighted a huge red flag.

The Slip-Ups Keep On Coming: WhatsApp Web Users’ Mobile Data Leaked On Google

As the developments have unfolded over the past week, the clock for WhatsApp seems to be ticking with every passing minute and...

Trump Administration Has Landed Its Final Blow On Chinese Companies: Xiaomi Blacklisted!

In its recent move to safeguard national security, the United States’ Trump Administration has decided to go after China’s second-biggest smartphone marker...

Huawei Is Gunning For Acquiring A Fifth Of Android’s Userbase With Its Own HarmonyOS!

After Google’s ban on Huawei in 2019, the Chinese-origin tech company is all set to roll out HarmonyOS later in 2021 as...

Battle Lines Are Drawn: Qualcomm’s Latest Acquisition to Challenge Apple, Intel

The quest to gain supremacy creates a butterfly effect for sure. With the challengers and the champion pulling out all stops to...

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