Samsung Denies Nokia Acquisition Rumors, World Rejoices

Samsung has denied reports it is interested in acquiring Nokia among what can only be said is another set of rumors that ailing Nokia is looking for a sale. In a brief statement, Samsung denied having any plans to buy the Finnish giant:

“Such reports are purely speculative and are not true.”

The only real bonus with this story is the 6% bump Nokia’s shares received when rumors arose last Friday.

The question I’m asking is — what would Samsung really stand to gain from a Nokia acquisition? Talent? Patents? Patents may be the real benefit given the mounting legal troubles with Apple, but would Nokia have anything that Samsung really needs in the hardware department? I don’t think so.

Reuters

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