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Samsung quiet over Nokia bid rumours

There's speculation that Nokia might be bought out soon; could that buyer be Samsung?
Written by Rachel King, Contributor on

There's speculation that Nokia might be bought out soon; could that buyer be Samsung?

Perhaps, but Samsung is staying quiet for now. According to Dow Jones, Samsung representatives have given a terse response to the matter:

"It seems like a market rumour, and we don't comment on rumours," the South Korea-based company said.

Nokia already has a partnership in place with Microsoft to develop more Windows Phone 7-powered handhelds, which may have been a last-ditch effort to stay alive. There had also been speculation that the company, based in Redmond, Washington, could be taking over the Finnish mobile phone maker. That hasn't come to pass yet.

As for Samsung, it's an interesting theory, but it doesn't quite make sense. Dow Jones cites analysts who say that there isn't much value for Samsung to buy Nokia while it continues to work on tablets to beat Apple.

Beyond that, one has to ask: does Samsung need Nokia? It's hard to see why. Samsung already develops its own smartphones and tablets. Symbian seems on its way out, so it's not like Samsung would be buying it for an operating system when it already has a relationship in place with Google and its Android OS.

Nokia, on the other hand, certainly needs something to give it a boost, which might include being taken over completely if it wants to keep any employees in work.

Via ZDNet US

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