Tech content trusted by users in North America and around the world
6,794 Reviews & Articles | 46,932 News Posts
TRENDING NOW: AMD rumored to launch its dual-GPU next month, the Radeon R9 Fury X2

ReportTT: Microsoft almost acquired Nokia, talks have now broken down

Report: Microsoft was interested in purchasing Nokia's device business
| Business, Financial & Legal News | Posted: Jun 19, 2013 11:29 pm

According to a Wall Street Journal report, Microsoft and Nokia were close to striking a deal that would see Microsoft acquiring Nokia's device business. According to sources familiar with the matter, talks were taking place as recently as this month, though they are unlikely to be revived after Microsoft walked away.




The two companies were reportedly close to an oral agreement over the acquisition before talks broke down. The deal would have likely made use of Microsoft's off-shore cash piles that amount to nearly $66 billion. This would have been great for Microsoft because it would have incurred a massive tax bill to bring the cash home.


Related Tags

Got an opinion on this news? Post a comment below!
Subscribe to our Newsletter

Latest News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases