.NET News Desk
Microsoft Thought of Buying Nokia’s Handset Unit: WSJ
The Wall Street Journal says the stumbling blocks were price and Nokia’s eroding market position
By: Maureen O'Gara
Jun. 24, 2013 07:00 AM
Microsoft and Nokia, which abandoned or rejected other operating systems for Microsoft's Windows Phone smartphone system a couple of years ago, reportedly got a pretty good way down the road in their recent discussions about Microsoft buying its handset business before the talks fatally fell apart.
The Wall Street Journal says the stumbling blocks were price and Nokia's eroding market position.
Nokia is searching for a path to successful turnaround and evidently considered disposing of assets.
Microsoft, on the other hand, needs to find a way to get its phone off the ground.
Both companies have been virtually castrated by Android and Apple.
Nokia did about $40 billion in revenues last year and its market cap in the US is upwards of $14 billion.
Google bought Motorola Mobility, which is also losing money as well as creating political issues with other Android OEMs.
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