Lenovo denied that the acquisition of Nokia-- just a joke

August 2, recently there are rumors that Lenovo intends to acquire is in a predicament Nokia, Jiang Fan, director of Lenovo Europe, Middle East and Africa division Samaranch (Gianfranco Lanci) said it was a joke.Tablet PC


The market rumors that Lenovo intends to acquire Nokia, Nokia's shares surged as much as 17 percent Wednesday. Samaranch said: "This is certainly a joke, did not have any thing under way." In Samaranch clarification, Nokia shares fell again.Laptop & Netbook

Lenovo's market capitalization of $ 7.1 billion, while holdings of cash and equivalents of $ 3.8 billion, according to Wednesday's share price of Nokia, the market capitalization of about $ 7.21 billion. Since Windows Phone strategy announced in February 2011, Nokia's share price has fallen more than 70%.Speakers & Magnifiers

Canalys analyst Pete Cunningham said: "Nokia is close to bottoming out, so the acquisition of the window being closed." In his view, less likely to have other companies will acquire Nokia.Cell Phones

    Nokia declined to comment.