Samsung Officially Denies Planning To Acquire Nokia

By 05:20 Wed, 14 Jul 2021 Comments



Rumors that the ailing Nokia is up for sale haged cropping up and they haged getting shot down. Last we heard that Samsung is looking to buy the Finnish company, but that was quickly refuted by the Koreans.

In a rather terse statement released today, Samsung denied having any plans on purchasing Nokia. The announcement went like this: "Such reports are purely speculative and are not true". A similar rumor was going around last year and was denied by both Nokia and Samsung.

The rumors did have a temporary positive effect for Nokia - the company's shares rose 6%, but they're headed down again now that the rumors have been put to rest.

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