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M&A Madness

11:00 AM -- The typing classes of the blogosphere are abuzz with another big money mobile buyout rumor. This time it concerns number one phone maker Nokia Corp. (NYSE: NOK) buying mobile email champion BlackBerry .

On the face of it, RIM would provide a much bigger boost for Nokia's U.S. enterprise business than the company it was previously rumored to be talking to -- Palm Inc. But it would also come with a much larger price tag. (See Palm Sells 25% Stake.)

RIM's current stock price is bumping around or above the $166 mark and its market cap is a whopping $31.28 billion. That's a fat check, even for Nokia, and RIM has never given any indication that it might be interested in selling anyway.

Nokia has something of a "not built here" mentality as well. I have heard that both the enterprise and multimedia units at Nokia looked at Palm before deciding against it. In fact, this may have been the trigger that caused Galleon Group LP to buy a chunk of shares and start the whole M&A chatter rolling in the first place. (See Palm's in Play .)

Still, interesting times, whichever way you cut it.

— Dan Jones, Site Editor, Unstrung

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