Huawei Reportedly Says Its Open To Acquiring Nokia

The Financial Times of London is reporting that Huawei has said it is open to the idea of acquiring Nokia. These comments were reportedly made by chairman of Huawei’s consumer business group, Richard Yu, at the Huawei Ascend P6 launch event. Richard says that the company is considering acquisitions of this sort, but it all depends on the “willingness” of Nokia. Having the Finnish manufacturer under its belt would greatly improve Huawei’s chances of making a dent in the European and North American market.

Obviously an acquisition can not go through unless the other party is interested as well, there’s no chatter about Nokia taking part in talks related to this topic, and Nokia denies commenting on market speculation. So we don’t know if Nokia is even sitting at the table with Huawei. Last year it was speculated that Nokia was going to be acquired, possible candidates were rumored to be Microsoft, Intel and even Lenovo, but nothing of the sort materialized. The market seems to have responded well to these rumors, analysts report that Nokia’s stock has risen by almost 11% on the back of these acquisition rumors. Would Nokia willingly consider being acquired by a Chinese company or would Huawei do a hostile takeover by making this offer directly to Nokia’s shareholders? To bit too soon to say that for sure.

Adnan Farooqui
Categories: Cellphones, Rumors
Tags: Huawei, Nokia