Rumor: Samsung wants to buy Nokia
Rumors are circulating the internet about Samsung wanting to buy Nokia. Samsung, who does not issue statements regarding company rumors, would benefit from purchasing Nokia as it would give the company a few patents that would help with the fight against Apple.
Arild Moen at Dow Jones reports that Samsung wants to purchase Nokia, in the company’s attempt to fight off Apple and its patent lawsuits. Samsung, however, did not issue a comment regarding the rumor. “It seems like a market rumor and we don’t comment on rumors,” a spokesman for Samsung said.
“Samsung acquiring Nokia doesn’t seem very feasible as the two companies are on quite different trajectory paths. Samsung has seen tremendous growth and is launching new pads trying to target Apple, whereas Nokia is clearly going backwards losing market share very quickly. I don’t see a lot of value in Samsung acquiring Nokia,” said Pete Cunningham, an analyst with Canalys.
Nokia’s stock has been dropping steady and is now only worth 23 billion and it only makes sense for Samsung to acquire Nokia. The acquisition would give Samsung a ton of new patents that will help with the fight against Apple.
In the patent lawsuit against Samsung, Apple alleges that Samsung was unoriginal in making its tablet and smartphones. “Rather than innovate and develop its own technology and a unique Samsung style for its smartphone products and computer tablets, Samsung chose to copy Apple’s technology, user interface and innovative style in these infringing products.”
Microsoft also offered to purchase Nokia at 19 billion, but the offer was shot down. Since Microsoft formed a partnership with Nokia back in February to allow the Windows Phone platform to become the “principal” operating system in Nokia’s devices, Microsoft is figured to be the best company to purchase Nokia.
Update: Stephen Elop, Nokia’s CEO, stated during the Open Mobile Summit that the rumors were not true. “All those rumors are baseless. The company isn’t for sale”Further reading: Nokia, Samsung