Siemens selling mobile division to Chinese company?

This is the news in Yahoo, and of course, the German company is denying a possible sale of its loss-making business to China's Ningbo Bird. But the company loses money at the unit, has already scaled down dramatically in Germany and why not selling something that doesn't make much sense to an industrial conglomerate?

In addition, they are way, way behind the market leaders Nokia, Samsung or Motorola. Heck, even the Chinese mobile companies are getting closer to Siemens.

It will happen, sooner or later. Once a company or a company's division is in play, something around it will change. Will the Chinese pull off another one, after the recent acquisition of IBM's PC unit by Lenova or, as they call themselves, Lenovo?

(By Asia Business Consulting)