Elop: Nokia is not for sale

By on June 9, 2011 at 10:20 PM.

Elop: Nokia is not for sale

Nokia CEO Stephen Elop once again addressed rumors of a possible sale of Nokia’s phone business. Rumors emerged on Wednesday suggesting Samsung was preparing to bid on Nokia’s cell phone division, but Elop addressed them on Thursday while speaking to The Wall Street Journal. Elop insisted that the rumors are “completely groundless.” The CEO continued, “Nokia is not for sale.” While Elop has been steady with his message, there is of course wiggle room in his choice of words. Neither the initial report suggesting a deal had been struck with Microsoft nor the subsequent Samsung rumor suggested that Nokia, as a company, was up for sale. Instead, these reports — at least one of which is well-sourced — suggest Nokia may be shopping a portion of its business; specifically, the cell phone division, which has been spiraling downward as Nokia’s market share diminishes rapidly. More →

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Microsoft strikes deal to acquire Nokia’s phone business for $19B, insider claims

By on June 1, 2011 at 10:45 AM.

Microsoft strikes deal to acquire Nokia’s phone business for $19B, insider claims

According to industry insider Eldar Murtazin, Microsoft has struck a deal to purchase Nokia’s mobile phone business for $19 billion. Just two weeks ago, Murtazin — who has a proven track record and was the first to report that Nokia has struck a deal to use Microsoft’s Windows Phone platform on its smartphones — suggested that Microsoft and Nokia were about to enter closed-door meetings to negotiate a possible purchase that could close sometime before the end of this year. It could make sense: Nokia’s CEO is former Microsoft executive Stephen Elop, and the two companies have already reached a deal to create new Windows Phone devices, a dozen of which are expected to launch next year. We’ll have to see how this pans out, but a Nokia spokesperson had already addressed Murtazin’s earlier claims, saying “Eldar’s rumors are getting obviously less accurate with every passing moment.” Nokia declined to comment on Murtazin’s claim this time around. More →

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