Wednesday, June 08, 2011 11:33:51 AM
Rumors Are Swirling That Samsung Will Buy Nokia
Last week it was Microsoft. This week it's Samsung.
Market chatter says Samsung wants to buy Nokia, and Samsung isn't denying it, Arild Moen at Dow Jones reports. (Samsung says it doesn't comment on rumors as standard operating procedure.)
Moen doesn't say where the rumor of Samsung buying Nokia came from. It's just "speculation." With Nokia's stock dropping, these sorts of rumors will start kicking up. But, Nokia is so utterly screwed it's hard to figure out why anyone would want it. Is its strong distribution really worth the ~$20 billion+ it would cost to buy the company?
Update: On Twitter, Florian Mueller points out Samsung would get a nice set of patents to fight Apple with if it bought Nokia.
http://www.businessinsider.com/samsung-buying-nokia-rumor-2011-6
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