Update on Microsoft’s $19b takeover of Nokia’s mobile phone business: “These rumors are 100 percent baseless”

Wow. First it was shocking to hear that Nokia hooked up with Microsoft and decided to “build a new global mobile ecosystem that is unlike any other” that will make Windows Phone their primary mobile OS. Today there are new rumours from wireless insider Eldar Murtazin that Microsoft is continuing scooping up companies by throwing $19 billion at Nokia’s mobile business. Murtazin stated on Twitter that “One small software company decided last week that they could spent 19 bln USD to buy a part of small phone vendor”. The relationship would make sense as Nokia Stephen Elop came from Microsoft and Nokia has been struggling to keep up to Apple and Google’s Android… but $19 billion seems a bit low to take over the top mobile phone vendor in the world. Murtazin also believes that the Microsoft/Nokia takeover will be announced or closed before the end of 2011.

Update: Reuters posted a note from Nokia that stated the $19 billion takeover is incorrect. Nokia spokesman Doug Dawson said “These rumors are 100 percent baseless”.

Source: BGR