Microsoft talked with Nokia about buying devices unit: report

SEATTLE Wed Jun 19, 2013 5:27pm EDT

A worker poses with the Nokia Lumia 925 at its launch in London May 14, 2013. REUTERS/Luke MacGregor

A worker poses with the Nokia Lumia 925 at its launch in London May 14, 2013.

Credit: Reuters/Luke MacGregor

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SEATTLE (Reuters) - Microsoft Corp recently talked with Nokia about buying the Finnish phone maker's devices unit, but the discussions faltered and are not likely to be revived, the Wall Street Journal reported Wednesday in its online edition.

The Journal reported that "advanced discussions" on a deal happened as recently as this month, according to unnamed sources it said were familiar with the matter. Microsoft rejected a deal because of price and Nokia's loss of market share to rising Asian competitors, the report said.

Representatives of both companies declined comment.

Nokia's smartphones exclusively use Microsoft Windows Phone software, under a deal the two companies struck two years ago.

(Reporting by Bill Rigby)

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Comments (1)
trina101 wrote:
That would have been a good move for Microsoft….and I would have made a nice chunk of change when the stock jumped.

Jun 20, 2013 5:53am EDT  --  Report as abuse
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