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

Report: Microsoft was interested in purchasing Nokia's device business.

@tracehagan
Published Wed, Jun 19 2013 6:29 PM CDT   |   Updated Tue, Nov 3 2020 12:22 PM CST

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.

ReportTT: Microsoft almost acquired Nokia, talks have now broken down | TweakTown.com

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.

NEWS SOURCE:online.wsj.com

Trace is a starving college student studying Computer Science. He has a love of the English language and an addiction for new technology and speculation. When he's not writing, studying, or going to class, he can be found on the soccer pitch, both playing and coaching, or on the mountain snowboarding.

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