American Multinational Corporation Microsoft may buy Nokia, said a report.Nokia Corporation has been going through a bad patch for a long time. Stocks of the Finnish telecom giant are now below book value, according to the weekly Helsinki Times.
Describing Nokia’s condition as “worth more dead than alive” the weekly Helsinki Times wrote: ”The investment community is fertile ground for rumours, and there are plenty about what could happen to Noika. One of the most persistent rumours is that Microsoft may buy the company.”
“The alliance with Mircosoft is a powerful one. Maybe Apple and Google have already won the mobile-phone business, and everyone else is doomed,” said the weekly in its report quoting The Wall street Journal.
“But that’s what they once said about Nokia. Things change in this industry. Microsoft, which is desperate to play catch-up in smart-phones, could buy Nokia today out of petty cash,” added the Helsinki Times.
The weekly, however, hopes that Nokia will finally be able to write its very own fortune by taking some bold decisions.