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

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.”