STEVE elop sold macromedia to adbe for $40 a share in 2003 and now it is time for hime to sell Nokia at $10
Shares of Nokia (NOK) are up 41 cents, or 11%, at $4.10, during in mid-day trading following an article a short while ago by the Financial Times’s Daniel Thomas, who writes that Chinese smartphone and networking vendor Huawei is open to buying Nokia, citing remarks by its head of consumer products.
“We are considering these sorts of acquisitions; maybe the combination has some synergies but depends on the willingness of Nokia. We are open-minded,” remarked Huawei’s Richard Yu, in an interview in London, writes Thomsas.
Compared to last year Microsoft have even less leverage/choice on handset makers. Other than Nokia HTC, Samsung, LG, ZTE, Lenovo etc. all refrained themselves from doing Microsoft's bidding. Before WP8 release, Ballmer can still argue more handset makers will adopt WP, so taking over Nokia have risks.
Now Nokia have 80% of WP market. Windows Phone business is looking more like an Xbox business.