Nokia dismisses Microsoft takeover report

Jun 02, 2011
Nokia chief executive Stephen Elop dismissed as "baseless" a report that Microsoft had agreed to purchase the Finnish company's mobile business.

Nokia chief executive Stephen Elop on Wednesday dismissed as "baseless" a report that Microsoft had agreed to purchase the Finnish company's mobile business.

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

The website Boy Genius, or BGR.com, reported on Wednesday that according to industry insider Eldar Murtazin, Microsoft has struck a deal to buy Nokia's for $19 billion.

Nokia hired Elop, a former Microsoft executive, to be its chief executive in September and in February the Finnish company announced that it was abandoning its smartphone platform to adopt Microsoft's mobile operating system.

Elop said the first Nokia smartphone using the 7 software would be released in the fourth quarter of the year.

He briefly took a prototype out of his pocket but quickly put it back without providing so much as a glimpse of the screen.

Explore further: Microsoft tanks 10 percent, hit by four downgrades on earnings

add to favorites email to friend print save as pdf

Related Stories

Microsoft lower on Nokia report

Jun 01, 2011

Microsoft shares were down nearly two percent on Wall Street on Wednesday amid an unconfirmed report that the US software giant had agreed to purchase Nokia's mobile business for $19 billion.

Nokia CEO: Co. to get billions from Microsoft

Feb 13, 2011

(AP) -- Nokia Corp. will get billions of dollars from Microsoft Corp. to ditch its current smart-phone software in favor of Windows Phone 7, Nokia CEO Stephen Elop said Sunday, in a defense of the deal.

Microsoft Office coming to Nokia mobiles

Aug 12, 2009

Microsoft and Nokia, in a challenge to Research in Motion's Blackberry, announced Wednesday that Microsoft Office software will be available on smartphones made by the Finnish company.

Nokia says to cut 4,000 jobs, outsource 3,000

Apr 27, 2011

The world's leading mobile phone maker Nokia said on Wednesday it will cut 4,000 jobs worldwide by the end of 2012 and transfer a further 3,000 employees to consulting firm Accenture.

Nokia 'on a burning platform,' boss warns

Feb 09, 2011

World-leading mobile phone company Nokia is "standing on a burning platform," surrounded by a "blazing fire" of competition, new company head Stephen Elop said in an internal memo obtained by AFP on Wednesday.

Recommended for you

Microsoft profit dips as revenue rises (Update)

22 hours ago

Microsoft on Monday reported that its quarterly profit dipped but revenue increased in a sign that it is adapting to lifestyles centered on mobile devices and cloud services.

IBM "flatly denies" report of mass layoffs

Jan 26, 2015

Calling it "ridiculous" and "baseless," IBM on Monday dismissed a report that said the technology giant plans to lay off 1 in 4 of its workers, or 100,000 people.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.