Nokia shares soar 6% in Finland on rumor of Samsung bid
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If Finnish investors could go back in time, they probably would have slapped some money down on Nokia's shares. The equity of the Finnish handset manufacturer rose 6% on Friday thanks to rumors that the company is about to get a takeover bid from Korean tech giant Samsung. This isn't the first time such rumors have appeared and exactly one year ago Friday, the same rumor hit the street. The difference is that back then, Nokia was worth $24 billion compared to the current market cap of $11 billion and the shares have dropped 40% over the last three months. »read more
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Filed in: SamsungNOKIA