Samsung, the Korean electronics company is on the rise, reportedly plans to expand its business with the acquisition of Nokia, the Finnish mobile phone manufacturer. The news to drive up the price of Nokia shares on Friday.
Swedish newspaper Dagens reported that the Samsung bid for shares of Nokia at 4 dollars per share for a total 18.7 billion dollars.
The number is estimated as “lightly offers” from Samsung is being flooded with smartphones Galaxy SIII order to reach 9 million units last month, not including orders from the United States and Canada.
In trading on Friday (08.06.2012), Nokia shares closed higher by 0.19 points, or about 6.71 percent to 3.02 dollars per share.
Nokia’s market capitalization is currently at 11 billion U.S. dollars, down considerably from the 24 billion dollar a year ago when a Finnish company was rumored to be purchased by Samsung for the first time. Nokia’s stock price declined by 40 percent in three months.