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

SPY210.50  chart-0.32  chart -0.15%
GOOG625.61  chart-6.98  chart -1.10%
AAPL121.30  chart-1.07  chart -0.87%
TSLA266.15  chart-0.64  chart -0.24%
TWTR31.01  chart-0.46  chart -1.46%
BBRY7.735  chart-0.185  chart -2.34%
NFLX114.31  chart+2.75  chart +2.47%
FB94.01  chart-1.20  chart -1.26%

Nikkei20585.24  chart+62.41  chart +0.30%
UK6696.28  chart+27.41  chart +0.41%
France5082.61  chart+36.19  chart +0.72%
Germany11308.99  chart+51.84  chart +0.46%

EUR / USD1.1010  chart+0.0000  chart +0.00%
GBP / USD1.5622  chart+0.0000  chart +0.00%
CAD / USD0.7640  chart+0.0000  chart +0.00%
AUD / USD0.7307  chart+0.0000  chart +0.00%

Gold Fut1094.80  chart+6.40  chart +0.59%
Oil Fut46.82  chart-1.70  chart -3.50%