02 Jun '11, 2am

Nokia dismisses Microsoft takeover report via @cmswire

Nokia dismisses Microsoft takeover report via @cmswire

A pedestrian walks past the Nokia flagship store in Helsinki. Nokia chief Stephen Elop dismissed a report that Microsoft had agreed to purchase the company as 'baseless'. -- PHOTO: REUTERS RANCHO PALOS VERDES (California) - 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,' Mr Elop said at the D9 technology conference here hosted by All Things Digital. 'The rumours 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 mobile phone business for US$19 billion (S$23.5 billion). Nokia hired Mr Elop, a former Microsoft executive, to be its chief executive in September and in February the Finnish company announced that it wa...

Full article: http://www.straitstimes.com/BreakingNews/TechandScience/S...

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