RUMOR: Microsoft to acquire beleaguered Nokia’s phone business for $19 billion

“According to industry insider Eldar Murtazin, Microsoft has struck a deal to purchase Nokia’s mobile phone business for $19 billion,” Todd Haselton reports for BGR.

“It could make sense: Nokia’s CEO is former Microsoft executive Stephen Elop, and the two companies have already reached a deal to create new Windows Phone devices, a dozen of which are expected to launch next year,” Haselton writes.

Read more in the full article here.

[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]

Related articles:
Beleaguered Nokia’s stock continues plummet as analysts slash targets – June 1, 2011
Beleaguered Nokia cuts outlook, shares plummet – May 31, 2011
Beleaguered Nokia to shed 7,000 employees – April 27, 2011
Apple overtakes Nokia as world’s largest vendor of mobile handsets by revenue – April 21, 2011
Microsoft’s Windows Phone ’07 U.S. launch was a dud; Nokia worried? – April 12, 2011
Apple makes roadkill of deer-in-the-headlights CEOs – April 1, 2011
Microsoft to pay Nokia over $1 billion to use Windows Phone ’07 – March 7, 2011
Analysts not impressed with Nokia’s incoming CEO Elop – September 10, 2010

50 Comments

    1. Rearranging the deck chairs seems more legit when you spend billions on it.

      …though I actually think MS is not going to sink. They have too much of a presence in enterprise and under the hood OS (thanks for making the self-check at the market a crash/reboot nightmare MS!).

      1. Yes, MS will circle the drain for years, but one day we’ll all be surprised that it’s still here. Kind of like IBM, MS will have to accept the fact that it basically can’t do anything beyond Windows/enterprise software and Office, and retreat to that walled castle. Once Ballmer is gone, the shareholders will be happier because he won’t be wasting their dividends on stupid billion dollar projects and acquisitions that result in multi-billion dollar losses.

    2. Everyone likes to compare Microsoft to the Titanic but I personally view it more like the S.S. Poseidon. After being capsized by the Apple tidal wave that they didn’t pick up on the scope until it was too late, they are still afloat… just upside down with everyone hanging on to chandeliers and Christmas trees for dear life…

  1. Why doesn’t Microsoft face anti-trust investigations when time after time they buy competing companies for staggering amounts and run those companies into the ground?

    Killing the competition is just plain wrong, no matter how you do it.

    1. I don’t see where is Nokia competing with Microsoft. In fact, nokia has just become their significant partner, buying their Windows Phone software for their mobile devices.

      I can already see the deja vue of the Sidekick scenario. This is gonna be fun to watch! (pulling up a chair and getting some popcorn)

    2. Why would there be anti-trust complaints? Microsoft does not build mobile phones, and it can be argued that Nokia doesn’t develop mobile operating systems.

      Microsoft can’t be violating anti-trust laws when it doesn’t operate in a given area. Plus, have you seen it’s market share in mobile devices lately? Neither has anyone else!

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