Microsoft talked with Nokia about buying devices unit-report

SEATTLE Wed Jun 19, 2013 5:27pm EDT

A Nokia executive shows the new Lumia 920 phone with Microsoft's Windows 8 operating system at a launch event in New York, September 5, 2012. REUTERS/Brendan McDermid

A Nokia executive shows the new Lumia 920 phone with Microsoft's Windows 8 operating system at a launch event in New York, September 5, 2012.

Credit: Reuters/Brendan McDermid

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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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