Eldar Murtazin, who seems to have his finger on the pulse of all things Nokia, has tweeted yesterday that Microsoft has decided to purchase Nokia for $19 billion. Nokia, who recently released a profit warning for the next quarter, has seen its share price plunge by 20% over the last 48 hours, and its share holders may be desperate for a white knight to take the shares of their hands.
Microsoft has previously said they are not interested in buying Nokia, and Stephen Elop himself denied them, telling Bloomberg â€œThe rumours are all over the place. Thereâ€™s no basis for them.â€
Even if Microsoft does not have any intent to buy Nokia, at a market cap of only $ 25.4 billion at its current share price, the company would certainly be vulnerable to another strategic buyers swooping in, which would certainly force Microsoftâ€™s hand, given its reliance on the Finnish company to take Windows Phone to the mass market.