Nokia Denies Speculation on Microsoft Deal

By Erin Harrison June 01, 2011

Rumor has it Microsoft is looking to purchase Nokia's mobile phone business, according to media reports and clues sprinkled on Twitter this week.

“Eldar Murtazin, whose track record at predicting monumental changes over at Nokia is pretty good, reported early Wednesday that the deal is apparently sealed,” InformationWeek reported.

According to Murtazin’s Twitter profile, he is editor-in-chief of Russia-based, and has more than 20,000 followers.

“One small software company decided last week that they could spent 19 bln USD to buy a part of small phone vendor,” Murtazin tweeted. “That’s it.”

Yet, sometimes a rumor is just that.

Nokia originally declined to comment on the most recent statement by Murtazin, but later called it “100 percent baseless,” according to a Reuters report.

Shares in mobile phone handset maker Nokia jumped on Wednesday in reaction to a reports that said Microsoft Corp had struck a deal to buy its mobile phone business for $19 billion, Reuters said.

A Microsoft spokesperson told InformationWeek, “Microsoft does not comment on rumor or speculation.”

Murtazin later tweeted at about 1:30 p.m. EST, asking if his prediction was really so off, why Nokia executives would be “angry.”

“Why Nokia stuff so angry about me today? If my facts baseless, then why you so angry? I think that you want better price, yeah? :)”

In April, Nokia and Microsoft announced significant progress on the development of the first Nokia products incorporating Windows Phone in addition to agreeing to the terms of their partnership, including joint contributions to the development of the new ecosystem. The companies are collaborating on a portfolio of new Nokia devices, with hundreds of personnel already engaged on joint engineering efforts, Microsoft stated in a press release.

Recently, former Microsoft veteran Stephen Elop, who joined Nokia last September to become the first non-Finn to head the company, sold all his shares in Microsoft worth €1 million (about $1.4 million) and used the money for buying 150,000 shares in the Finnish mobile phone company. 

Erin Harrison is Executive Editor, Strategic Initiatives, for TMC, where she oversees the company's strategic editorial initiatives, including the launch of several new print and online initiatives. She plays an active role in the print publications and TechZone360, covering IP communications, information technology and other related topics. To read more of Erin's articles, please visit her columnist page.

Edited by Tammy Wolf

Executive Editor, Strategic Initiatives

Related Articles

Why People Don't Update Their Computers

By: Special Guest    7/13/2018

When the WannaCry ransomware attacked companies all over the world in 2017, experts soon realized it was meant to be stopped by regular updating. Even…

Read More

More Intelligence About The New Intelligence

By: Rich Tehrani    7/9/2018

TMC recently announced the launch of three new artificial intelligence events under the banner of The New Intelligence. I recently spoke with TMC's Ex…

Read More

Technology, Innovation, and Compliance: How Businesses Approach the Digital Age

By: Special Guest    6/29/2018

Organizations must align internally to achieve effective innovation. Companies should consider creating cross-functional teams or, at a minimum, incre…

Read More

Contribute Your Brain Power to The New Intelligence

By: Paula Bernier    6/28/2018

The three events that are part of The New Intelligence are all about how businesses and service providers, and their customers, can benefit from artif…

Read More

TMC Launches The New Intelligence - an Unparalleled AI and Machine Learning Conference & Expo in Florida

By: TMCnet News    6/28/2018

TMC announced the launch of The New Intelligence conference and expo - The Event Powering the AI Revolution. This exciting new event will take place o…

Read More