Microsoft reportedly tried to buy Nokia, but negotiations fell

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It’s clear that these aren’t the best time for many of the mobile companies in the market. 2013 has been the year of the underdogs, where those companies who were barely known in mobile now lead it, like the case of Samsung and Apple, and when the leaders of the last decade are all struggling to either survive or be absorbed by a bigger company. Such is the case of Nokia, which was once the biggest phone maker in the world, and is now barely making a dent in their own country. Their partnership with Microsoft spun a ton of rumors of a possible acquisition since the negotiations went official two years ago, and at times when we even heard of Huawei making an approach to buy the company, it only makes sense for the Microsoft rumors to be true.

According to the Wall Street Journal, both companies spent the last couple of months discussing the deal, but sources close to the matter claim that everything fell because Nokia was asking for too much money. It even seems as if Microsoft walked away from the table since Nokia has yet to make a significant dent on anybody’s marketshare, even with their proven innovation on the 2012 Lumia line-up.

All this said, the fact that we first hear of Huawei and then of Microsoft is a clear sign that Nokia’s situation isn’t getting any better. It seems that their July 11th event might be their last shot at getting this right, and those of us who started with a Nokia mobile phone really want this to happen. We’ll be covering the event live so stay tuned.

Via: Engadget

Source: WSJ

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About The Author
Jaime Rivera
Jaime has been a fan of technology since he got his first computer when he was 12, and has followed the evolution of mobile technology from the PDA to everything we see today. As our Multimedia Manger, he’s been in-charge of growing our YouTube hobby into one of the biggest video channels in the industry. When he’s not building one of our videos, or filming our Pocketnow Daily, he can be found in his second biggest passion, which is running and fitness. Read more about Jaime Rivera!