Nokia boss Elop denies $19 billion Microsoft buy out

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Nokia boss Stephen Elop has described the rumours that Microsoft are to buy the Finnish mobile phone firm for $19 billion as “completely baseless.”

Speaking at the D9 conference, Elop told the All Things Digital delegates that there was “absolutely no discussion. The rumours are baseless. It is as clear as that.”

Elop wen’t on to point out why the move would be a fruitless one for Microsoft, stating that selling feature phones “does not align with Microsoft’s business”. Considering the total failure of Microsoft’s own Kin handset, you can’t really argue with Elop’s reasoning here.

Having said that, the rumours aren’t going to settle quietly here; ever since Stephen Elop took the post as Nokia CEO, the ex-Microsoft executive has drawn the two companies closely together, culminating in the Nokia/Windows Phone 7 partnership that is expected to bear its first fruits this Autumn.

With the rumour-mill kickstarted by Eldar Murtazin (the constant “Nokia-rumour-into-fact”) merchant, we’ll still be keeping a close eye on how the Microsoft/Nokia love in develops.

Via: The Guardian

Gerald Lynch