One could argue that's what happened to NOKIA - the only non-US company controlling the largest growing market at the time. For anyone saying that it was dead already, you don't understand that despite minimal presence on the US market it controlled over 60% of the world's market and that could have lasted much longer due to loyalty of customers and upcoming MeeGo (that even US reviewers liked) if it wasn't Eloped.
Yes, when they bought it it was already dead, but I was talking about the time they were #1 and just got their new ex-MS CEO with a $20M bonus in case he sold the company. Then he proceeded to dismantle all that worked.