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Research in Motion (RIMM) is in a downward trend, both in stock price and market share. Nokia (NOK) is in a downward trend, both in stock price and market share. Microsoft (MSFT) is in an upward trend in sales, profits and stock price.

Microsoft has enough money to buy RIMM and NOK in one single shoot. Remember an article in The Wall Street Journal - "Microsoft, Nokia Flirted With RIM" - and the old rumors about Microsoft making a takeover on Nokia?

The partnership between Nokia and Microsoft revealed a big interest from software giant to get into the smart phones market and expand Windows position in this area. For Microsoft, it would be the better of two worlds, adding to the new Windows a combination of Skype and BlackBerry Messenger, and accelerate an entrance into the tablet market.

This double acquisition would serve to diversify the client's portfolio and get a better penetration into the business segment. Notice that their client would have a chance to buy a BlackBerry or a Lumia, which would make it difficult for Apple (AAPL) or Samsung to compete for these clients.

Just imagine that this takeover has already happened, and it would be reasonable to do a spin-off of the smart phone area and leave the other segment of old phones as a different company. This way there would be economies of scale on the production of smart phones, providing Lumia and BlackBerry, and intensifying publicity.

Let's talk about the money needed, supposing that Microsoft would offer $30 Billion for Nokia and $20 Billion for RIMM, paying a better premium on RIMM due to their shareholders' concentration.

Nokia

RIMM

Total

Market Cap

15.800

7.000

Acquisition Cost

30.000

20.000

50.000

Current Liquidity

30.000

3.367

33.367

As you can see on the table above, the acquisition of NOK and RIMM together would cost $50 Billion, but if we take in consideration the current liquidity (current assets - current liabilities) on these companies, the double takeover would cost only $16.633 Billion. Remember that Microsoft has $10.610 Billion in cash and bought Skype for $8.500 Billion.

Microsoft

Nokia

RIMM

Current Assets

72.513

Current Assets

32.990

Current Assets

7.056

Current Liabilities

25.373

Current Liabilities

22.607

Current Liabilities

3.389

Current Liquidity*

47.140

Current Liquidity*

10.383

Current Liquidity*

3.667

*Current Assets - Current Liabilities

*Current Assets - Current Liabilities

*Current Assets - Current Liabilities

Cash

10.610

Cash

2.536

Cash

1.527

Buy RIMM and NOK before it's too late - before this double takeover takes place.

Note: This article is pure speculation, but it's also a scenario that makes sense.

Source: A Possible Microsoft Double Takeover Of Nokia, RIM