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

By on June 2, 2011
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Rumour has it.

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There are endless possibilities if this goes through. BGR reports that according to industry insider Eldar Murtazin, Microsoft has struck a deal to purchase Nokia’s mobile phone business for $19 billion. The iOS and Android devices have hard struck Nokia’s business, and Microsoft’s Windows Phone is far from success. Nokia confirmed in February that it would adopt the Windows platform for its smartphones in the very near future. This decision stands true to the vision of former Nokia CEO Pekka Kallasvuo, which believed the company to transcend to a software and services company, much like IBM. Both companies have reached a deal to collaborate on the creation of new smartphones, which will roll out sometime next year. The deal is etched to close by the year end.

Obviously, both parties are denying the claim and this news is still in the ‘rumour’ segment. I guess we will just have to wait and watch.


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