Microsoft and Nokia Recently Scuttled Merger Talks
Jun 19, 2013, 3:46 PM by Eric M. Zeman
Talks between Microsoft and Nokia that would have seen the two cpmpanies combine have fallen apart, reports the Wall Street Journal. The talks were in advanced stages and occurred as recently as this month, but were halted by several roadblocks. For starters, the two companies could not agree on a price. Nokia's current stock price gives it a valuation of about $14 billion. Further, both Nokia and Microsoft are each in precarious positions. Nokia, in particular, is struggling to compete against smartphones made by firms such as Apple, Huawei, and Samsung. The Journal notes that the talks will not likely be revived any time soon. Nokia uses Microsoft's Windows Phone platform in its Lumia smartphones.
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