WSJ: Microsoft and Nokia were close to a buyout deal, but talks broke down

Post-obit up on the Huawei news from yesterday, the Wall Street Journal is now reporting that Microsoft and Nokia were in advanced discussions most a Redmond purchase of the Finnish phone maker, but the talks have failed to materialize an agreement.

Citing "people familiar with the matter" the online paper notes that discussions somewhen broke downwardly due to "the cost and Nokia's own strategic predicament".

Deliberations were patently held in London as recently equally this month, merely due to the talks faltering, they likely won't exist revived anytime soon. The WSJ also adds that both companies were close to an oral agreement with Microsoft purchasing the device partition of Nokia, using some of Redmond's reported $66 billion held in off-shore businesses. That method would take let Microsoft avoid a hefty tax penalisation for purchasing the massive phone maker.

The Huawei snafu becomes clearer

With this news coming forward from a reputable paper, Huawei's statement yesterday (later rescinded) makes more sense. It now seems obvious that Huawei was enlightened of the Microsoft-Nokia dialogue and were either goading Microsoft into paying more (by acting equally an interested partner) or they were "publicly negotiating" with Nokia by showing interest in a buy themselves, knowing that Microsoft had walked away.

This raises some very interesting questions, including whether or non Nokia is now looking for other suitors for a buyout, including Asian companies like Lenovo or Huawei or if Microsoft was just a ane-off selection that failed to materialize.

What's more than, now that Huawei has smelled blood in the h2o, how aggressive will they make it trying to buyout Nokia?

Lots of questions with few answers loom as the futurity of Nokia has just become a little less clear tonight. Similar much in our audience, nosotros would accept preferred a Microsoft-Nokia deal, but this was not the beginning time these companies accept been in talks (meet July, 2022) and it may non be the last.

Source: WSJ (paywall)

Minecraft aims to teach children about internet safety with this new world

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