Investing
Samsung Denies Interest in Acquiring Nokia (NOK, MSFT, AAPL, GOOG, SSNLF)
Published:
Shares of Nokia Corp. (NYSE: NOK) rose more than 12% last week, about half that on Friday as rumors swirled that the company might be acquired. Nokia, now partners with Microsoft Corp. (NASDAQ: MSFT) in the smartphone sector, has just been hammered since the introduction of the iPhone from Apple Inc. (NASDAQ: AAPL) and the Android operating system from Google Inc. (NASDAQ: GOOG). Shares have fallen from a high of around $40 in late 2008 to just around $3.
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
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.