Last week’s rumors included a possible buyout of the Finnish company by Samsung Electronics (OTC: SSNLF). Reuters reports today that the Korean electronics giant issued a statement saying, “Such reports are purely speculative and are not true.”
As we noted on Friday, Samsung doesn’t have to buy Nokia to put it out of business. The smartphone marketplace is wiping out Nokia without costing Samsung a penny.
Shares of Nokia are down about -3% in the pre-market, at $2.93 in a 52-week range of $2.61-$7.38.
Paul Ausick
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