Summary:

If Nokia (NYSE: NOK) were on Facebook, perhaps its relationship status would be “it’s complicated.” The WSJ is reporting today that the two…

If Nokia (NYSE: NOK) were on Facebook, perhaps its relationship status would be “it’s complicated.” The WSJ is reporting today that the two companies have been in negotiations for months and at this point it is completely up in the air as to whether Nokia will opt to team up with established social networks, like Facebook (which now has a reported appraisal of $3.7 billion), or build its own applications from scratch. The WSJ, which references anonymous sources, said very few details were available, and it is unknown what the financial terms are or how many Nokia devices would be affected.

Since Nokia already does integrate Facebook quite a bit into its newer phones, we are assuming these talks would lead to a much deeper relationship. For instance, Nokia’s XpressMusic 5800 allows people to view friend

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