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):

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.

Comments (184)

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  1. Dragoon's Spear says:

    I’d rather have this than m$ eating away at Nokia’s expenses

  2. Annoymous says:

    I am a Nokia shareholder and would welcome a buyout of Nokia! I think they need to add a second OS like Android to boost sales further. WP8 has been a disaster! WP8 is now obsolete in terms of keeping up with state of the art hardware specs and so Nokia cannot compete with Samsung 4S nor HTC One.

    I just want to breakeven and that means a buyout of $15 a share. I be willing to take a Huawei’s stock payment!

    Microsoft Windows 8 is not selling either which puts indirect pressure on sales of WP8 smartphones; while Android is going up through the roof and out in to space.

    • n8thebest says:

      Are you Finnish?

    • Joe says:

      ROTFLMAO! You’re a clueless idiot. Microsoft sold 100 million copies of Windows 8 in the first 6 months, about on par with Windows 7, the most successful OS in history. As for Android being Nokia’s savior, ask HTC, Sony, LG, Asus, Motorola, and Acer if it’s been a savior. Every single Android OEM with the exception of Samsung is struggling and/or losing money.

      I also have to laugh at you thinking Nokia being owned by Huawei, which is owned by the Chinese military, as being a good idea. Nokia would be dead as hell if this went down. Huawei sucks. If Nokia decided to do Android phones, they’d lose a billion dollars a year from Microsoft, they would lose WP8, meaning they wouldn’t be able to sell it, and they would be set back at least a year to get Android phones ready. You don’t just slap an OS on a blank phone. They would also have to compete against Samsung, by using their own resources and money. They would have to fund their own marketing. Nokia would already be bankrupt if not for Microsoft and if they made Android phones.

      • kues says:

        Microsoft sold 100 million copies of Windows 8 in the first 6 months, about on par with Windows 7, the most successful OS in history.

        And never before Microsoft sold the windows (upgrade) licences that cheap- remember 15$ Win7-Upgradeoffer, 40$ Upgrade?

        As for Android being Nokia’s savior, ask HTC, Sony, LG, Asus, Motorola, and Acer if it’s been a savior. Every single Android OEM with the exception of Samsung is struggling and/or losing money.

        At least Sony and LG are making money on smartphones- Nokia is still losing money on smartphones (restructuring costs adding on top of the operational losses).
        And ask LG about their strategic smartphone partnership with Microsoft from Feb 2009 and it’s benefits.
        And how did Windows Phone help HTC? They had the largest WP7 portfolio, still didn’t lead them to success.

    • Danny says:

      How much would nokia per share are worth in a takeover?

  3. Raven says:

    I think it could be exciting and cool to see some kind of merge between the two Companies, Android With swipe ^^

    Wp8 is fast and good, but lacks too much and are way too slow With uppdates.

  4. Grodelj says:

    I think this would be a mayor mistake for nokia. Finally they have something good going and WP8 is getting better. Android was totally crappy at begining and look at it now. Same goes for iOS.

  5. John says:

    Why is this crap still here?
    Nokia is not for sale.

  6. A.S. says:

    Huakia or Nowei?

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