[According to a report published by The Wall Street Journal, Microsoft has recently offered to buy Nokia's device business. Nokia does not deny the report.]

Pedro Hernandez -- "Microsoft's efforts to acquire Nokia's device business collapsed after the companies failed to agree on a price. Resumption of talks appears unlikely, according to press reports."

"Microsoft and Nokia held advanced talks about a possible acquisition of the Finnish handset maker's device business, according to a June 19 report in The Wall Street Journal."

"The negotiations, which took place as recently as this month in London, fell apart and the chances that Microsoft will make another offer appear slim."

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