Nokia chief exec dismisses take-over reports

Website said Microsoft was buying company’s mobile business earlier this week

Tags: Mergers and acquisitionsMicrosoft CorporationNokia Corporation
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Nokia chief exec dismisses take-over reports Nokia chief executive Stephen Elop has denied reports that the company is selling its mobile business to Microsoft for $19bn. (Getty Images)
By  Georgina Enzer Published  June 2, 2011

Stephen Elop, Nokia's chief executive has rubbished reports that there are plans for Microsoft to purchase the Finnish company's mobile business, according to AFP.

"There are absolutely no discussions," Elop said at the D9 technology conference in California hosted by All Things Digital. "The rumors are baseless."

On Wednesday, a website called Boy Genius reported that Microsoft had finalised a deal to purchase Nokia's mobile phone business for $19bn. The information allegedly came from industry insider Eldar Murtazin, editor-in-chief of Russian blog Mobile-Review, who is noted for his ability to gain access to unreleased mobile devices.

Elop also announced that the first Nokia smartphone using the Windows 7 platform will be released in Q4 2011.

2787 days ago
Vinod Mehra

Pitfalls of connected world. A small spark can bring down the enterprise. And its no science why "The news Microsoft buys Nokia for USD 19B caught everyones eye ball."

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