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.
Elop: Nokia is not for sale
Updated Dec 19th, 2018 7:17PM EST
If you buy through a BGR link, we may earn an affiliate commission, helping support our expert product labs.
This article talks about:
Acquire acquisition bid Cell phones Microsoft Nokia phones sale Samsung Smartphones
Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
