Microsoft to buy Nokia's mobile phone business for $19 billion?

Andre Yoskowitz
1 Jun 2011 11:07

This is complete rumor, but the story is picking up steam around the Web.
Eldar Murtazin has Tweeted today that Microsoft is set to purchase Nokia's mobile phone business for $19 billion cash.
Murtazin said two weeks ago that the software giant was in talks with Nokia about purchasing the unit, but a Nokia spokesperson shot down the report saying "Eldar’s rumors are getting obviously less accurate with every passing moment."
Reads the latest Tweet:

One small software company decided last week that they could spent 19 bln USD to buy a part of small phone vendor. Thats it.

Earlier this year, the two companies struck a deal to place Windows Phone 7 on all new Nokia smartphones. Unfortunately for investors, Nokia's stock has seen some pretty big issues of late.