Microsoft was in deep discussions to acquire Nokia, but talks have broken down, according to the Wall Street Journal.
With such a deal, Microsoft would gain direct control over the mobile device maker, which has been the marquee partner for the software giant's fledgling Windows Phone operating system. Such a deal could shake up the smartphone business in the same way that Google did when it acquired Motorola Mobility.
Nokia and Microsoft both declined to comment on the report.
Both Microsoft and Nokia had been struggling to regain their once dominant positions. Microsoft has been pushed back on its … Read more