Microsoft to Acquire Nokia’s (NOK) Phone Business?

By Jun 1, 2011, 11:08 AM Author's Blog  

Shares of Nokia Corporation (NOK) are active following a BGR report that says Microsoft (MSFT) is prepared to buy the company’s phone business.

[BGR]: “According to industry insider Eldar Murtazin, Microsoft has struck a deal to purchase Nokia’s mobile phone business for $19 billion. Just two weeks ago, Murtazin — who has a proven track record — suggested that Microsoft and Nokia were about to enter closed-door meetings to negotiate a possible purchase that could close sometime before the end of this year.”

Nokia continues to bounce off the lows. The stock shed 0.71%, or 5 cents, to $6.97 in recent action. Day’s range: $6.47 – $6.97.


Nokia has responded to the recent rumors that suggested Microsoft Corp had struck a deal to buy its mobile phone business for $19 billion.

Nokia called the report “100 percent baseless.”

  • SHARE:
  • Share on StockTwits


SPY198.65  chart+0.01  chart +0.01%
GOOG593.35  chart-2.63  chart -0.44%
AAPL97.03  chart-0.16  chart -0.16%
TSLA223.54  chart+1.05  chart +0.47%
BBRY10.38  chart+0.55  chart +5.60%
NFLX425.38  chart-2.52  chart -0.59%
FB74.98  chart+3.69  chart +5.18%

Nikkei15457.87  chart+173.45  chart +1.13%
Shanghai0.00  chartN/A  chartN/A
UK6815.90  chart-5.56  chart -0.08%
France4377.96  chart-32.69  chart -0.74%
Germany9749.90  chart-44.159  chart -0.45%