Microsoft was recently in advanced discussions with Nokia about a purchase of its device business. The talk has been made in London earlier this month and almost made an agreement over a potential acquisition of the Finnish phone-maker’s device division by the Redmond.
Nokia and Microsoft already have a close partnership, with the Espoo, Finland-based company relying on the U.S. software maker for operating-system technology. Nokia introduced the Lumia 925 last month, which runs on Microsoft’s Windows 8.
Microsoft decided to drop the idea because of the price that Nokia asked for accorind to reports. The company’s poor position in the smartphone market, where it trails bigger players such as Apple and Samsung, the Journal reported.
“We are considering these sorts of acquisitions; maybe the combination has some synergies but depends on the willingness of Nokia. We are open-minded,” Richard Yu, chairman of Huawei’s consumer business group told FT.
Nokia Oyj rose as much as 4.1 percent in Helsinki trading after the Wall Street Journal reported on the talks.