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Showing posts with label Handset. Show all posts
Showing posts with label Handset. Show all posts

June 16, 2012

Nokia Takeover : Microsoft, Huawei rumored to be in Talks

Nokia Takeover Seen as Collapsing Shares Signal Bottom: Real M&A: "As Nokia plunges to its steepest stock drop in more than a decade is turning the mobile-device maker into a potential takeover target for buyers willing to bet that it still has a future in smartphones.According  to  Bloomberg;s report  it is speculated on a number of possible transactions for Nokia, including a private equity purchase of the company, an acquisition of the company by partner Microsoft, or potentially a Chinese rival like Huawei or ZTE that would use a purchase of Nokia to expand its international sales.

From  being the number one Nokia plunged 18 percent yesterday after forecasting a wider second-quarter operating loss from handsets and saying it will cut as many as 10,000 jobs as it cedes market share to Apple Inc.'s iPhone and Samsung Electronics Co. devices. After wiping out about $100 billion in market value, Espoo, Finland- based Nokia trades at a 38 percent discount to its net assets, the least expensive on record, according to data compiled by Bloomberg dating back to 1995."

'via Blog this'