Elop denies Microsoft-Nokia buyout rumours

'Completely baseless'

Nokia CEO Stephen Elop has spoken out about the rumours that Microsoft made the company an offer of $19 billion for its mobile phone business, describing the rumours as "completely baseless".

Speaking at the D9 event hosted by All Things Digital, Elop told delegates, "There's absolutely no discussion. The rumours are baseless. It is as clear as that."

And why? Because selling feature phones "does not align with Microsoft's business" – a fair point given the colossal failure of the Kin.

The truth is out there

But whether or not we choose to believe Elop is another matter; after all, it wouldn't be the first time that a tech CEO has played fast and loose with the truth about secret business plans.

The rumours he's referring to have been stirred up by Eldar Murtazin, a blogger with an uncanny knack for rooting out Nokia rumours that tend to come true.

He claimed that Microsoft had offered Nokia $19 billion for its mobile phone arm last week, although he offered no evidence to back it up.

Via The Guardian


News Editor (UK)

It's a perpetual challenge among the TechRadar staff to send Kate (Twitter, Google+) a link to something interesting on the internet that she hasn't already seen. As TechRadar's News Editor (UK), she's constantly on the hunt for top news and intriguing stories to feed your gadget lust. And having been immersed in the world of tech and tech rumours for more than six years, she can spot a photoshopped iPhone 8 image from 20 paces.