Huawei talks possibility of acquiring Nokia
Rumors about a company looking to buy-up Nokia are nothing new. While nothing ever seems to come of them, those suggestions keep popping up again and again over the years, and it sure seems like more often than not, we’re talking about Microsoft considering making the purchase. The subject is back on our mind today, but in a slightly different context, with Huawei voicing its interest in maybe snatching-up Nokia.
Huawei execs are gathered in London for the P6 announcement, and Richard Yu, chairman of the company’s consumer business group, took the opportunity to put forth the idea that Huawei might like to acquire Nokia. Yu made it clear that any such move would be contingent on Nokia’s interest – this wouldn’t be any hostile takeover.
Let’s just say that Nokia really likes this idea and Huawei has the capital to follow-through: what we would we see from the results of this merger? Interestingly, despite Huawei’s involvement with Windows Phone, Mr. Yu wasn’t speaking too kindly about it, calling such models “weak” and suggesting Android would be a better choice.
Frankly, this all seems like some fantastical speculation, but whether or not there’s even a remote chance of this happening, the stock market sure seems to be responding: Nokia’s trading about 5% higher now than it was before the story broke.