Microsoft And Nokia: Deal Or No Deal?

In the wake of Google’s bid for Motorola, there are rumors making rounds about Microsoft snapping up Nokia. According to a press release at the Microsoft website dated February 11, 2011, the technology giant and Cell Phone Company were looking forward to announce plans for a broad strategic partnership.

But, what happened then? Recent reports disclose that Microsoft decided to reconsider its plans because it wasn’t thrilled by Nokia’s balance sheets. Share prices of the once champion of cell phone industry have dropped nearly 40% in the last three months. And it’s not hard to figure out why?

Watch: Microsoft And Nokia: Deal Or No Deal?