“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
Microsloth loves to buy dead bodies.
To recoup their investment each new Nokia/Windows phone in 2012 will retail for $145,799 or so. But don’t despair, they will have a buy one get one free offer.
I heard this story the other way round: Nokia is offering to buy Microsoft for $50 worth of glass beads. Steve Balmer is allegedly considering the offer.
If this was 1958, I’m convinced Ballmer would be driving an Edsel.
Now M$ needs to buy Myspace to have a really great social site for the new phone.
Nokia’s market cap is still in the 24 billion range. 19 billion sounds cheap! It also sounds like insider trading. The stock price suddenly drops and here comes Microshaft to the rescue? Hummm…
I like your strategy. I like it a lot.
Knowing Ballmer T Clown he’ll pay double the price!
Microsoft, like Apple, has lots of money overseas that would carry a 30%+ tax if brought back to the US. Nokia is a foreign company and can possibly be bought with foreign currency. That’s like a secret 30% discount. Skype was also a foreign company.