“Huawei would consider snapping up Nokia, which could help it boost its smartphone gains in Europe and the U.S., a company executive said on Tuesday,” Zack Whittaker reports for ZDNet. “According to the Financial Times of London (paywall), Richard Yu, chairman of Huawei’s consumer business group, said at the launch of its latest smartphone offering, the Ascend P6, in London: ‘We are considering these sorts of acquisitions; maybe the combination has some synergies but depends on the willingness of Nokia.'”
“‘We are open minded,’ Yu told reporters.” Whittaker reports.
Whittaker reports, “Nokia would have to be a willing participant in a buyout discussion… Or, should Huawei consider a hostile takeover, it could bypass the need for the Chinese phone maker to deal with the pesky problem of Nokia’s stubborn management. Nokia shareholders are getting twitchy over the company’s Windows Phone strategy — ergo, it’s entire strategy moving forward. If Huawei goes straight to Nokia shareholders, they could take the offer and run while the Finnish phone maker is still afloat.”
Read more in the full article here.
MacDailyNews Take: The aftershocks of Apple’s revolutionary iPhone continue to reverberate with intensity.
While it’s still afloat. Heh.
[Thanks to MacDailyNews Reader “macnut222” for the heads up.]