The takeaway ...

"In the long run, Nokia's contract with Microsoft -- to be Windows Phone system exclusive and in return to get funded from Microsoft -- makes it impossible to be a takeover target. Big players like Apple (AAPL) or Samsung will not purchase Nokia, because their bid will be deemed as anti-competitive. Small or new players such as Amazon (AMZN), Huawei, or ZTE, will not purchase Nokia, because they cannot easily get out of the exclusive contract with Microsoft. And they perhaps wouldn't want to have a confrontation with Microsoft either."