Nokia Reinforces That They Will Not Be Bought By Microsoft

During D9, Nokia’s CEO Stephen Elop quashed the rumors once and for all that Nokia was not selling their mobile phone division to Microsoft. The rumors have been going around for quite a while ever since Nokia and Microsoft announced their partnership in working together to produce Windows Phone 7 devices. The latest rumor was that Nokia would be selling their phone division to Microsoft for a cool $19 billion. However this rumor did not stop high volume of trading for Nokia shares.

Admitted we were guilty for buying into that rumor as convincing as it sounded although thinking back now it did not make much sense for Nokia to bring aboard Stephen Elop only to sell their mobile phone division off a couple months after they had announced their new partnership with Microsoft. Good thing we only took that rumor with a grain of salt.

In a recent interview by CNBC with Stephen Elop:

CNBC:

Let’s clear this up. Are you talking to Microsoft about selling the company or not right now?

Stpehn Elop:

No. those rumors are baseless. There are no conversations.

CNBC:

You’re not talking about selling the phone business? You’re not having any conversations, beyond the fact that you’ve got this deal with Microsoft to develop these Windows-based phones that will be out sometime later this year? That’s it?

Stephen Elop:

That is correct. There are no conversations of that nature going on. We are focused on the strategic announcement that we made in February and executing on the strategy. There is nothing beyond that.