Huawei Considers Buying Out Nokia

| June 18, 2013 | 184 Replies

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Here’s a surprise bombshell to liven up your day;  Richard Yu, chairman of Huawei’s consumer group has mentioned that they are actively looking at the possibility of buying out Nokia. Although they haven’t made an offer to Nokia nor approached them with the idea, he said:

We are considering these sorts of acquisitions; maybe the combination has some synergies but depends on the willingness of Nokia. We are open-minded,

Of course the acquisition of Nokia by anyone would be an insane increase in assets, in the patent field alone; let alone their mobile and imaging expertise.

Also commenting on the position of Windows Phone in the marketplace (keep in mind that Huawei have a few of their own):

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Whether Windows Phone [will be] successful is difficult to say – it has a very small market share. [Windows Phones] are weak but still require a licence fee. That’s not good. Android is free.”

Immediately following these remarks Nokia’s stock shot up (currently 6%)

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I don’t see the deal happening, for obvious reasons; mainly that Nokia are just getting their feet under them once again, they wouldn’t give up now, would they?

Thanks everyone who sent this in.

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Category: Lumia, Nokia, Windows Phone

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Hey, my name's Ali- Currently a fifth (and final) year Dental Student from Chicago; studying in Jordan. I love all sorts of gadgets almost as much as I love my cookies! Be sure to follow my Twitter handle @AliQudsi and Subcribe to my Youtube for the latest videos - no pressure. Thanks.