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.

Update:

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

LEAVE A COMMENT

SPY211.14  chart-1.32  chart -0.62%
GOOG532.11  chart-7.67  chart -1.42%
AAPL130.28  chart-1.50  chart -1.14%
TSLA250.80  chart-0.65  chart -0.26%
TWTR36.67  chart-0.16  chart -0.43%
BBRY9.80  chart-0.23  chart -2.29%
NFLX624.06  chart-2.49  chart -0.40%
FB79.19  chart-0.95  chart -1.19%

Nikkei20563.15  chart+11.69  chart +0.06%
UK6984.43  chart-56.49  chart -0.80%
France5007.89  chart-129.94  chart -2.53%
Germany11413.82  chart-263.75  chart -2.26%

EUR / USD1.0909  chart+0.0000  chart +0.00%
GBP / USD1.5295  chart+0.0000  chart +0.00%
CAD / USD0.8029  chart+0.0000  chart +0.00%
AUD / USD0.7644  chart+0.0000  chart +0.00%