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Nokia CEO denies acquisition talks with Microsoft

Updated Dec 19th, 2018 7:17PM EST
BGR

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Nokia CEO Stephen Elop on Wednesday responded to reports that Nokia had agreed to sell its cell phone business to Microsoft for $19 billion. BGR was first to report the rumor, sourced from industry insider Eldar Murtazin. “We have a great plan for our future, and we’re focused on executing that plan,” Elop told Bloomberg in an interview. “The rumors are all over the place. There’s no basis for them.” According to Bloomberg’s report, Elop claims not only that a deal hasn’t been reached, but that Nokia has never discussed a potential acquisition with Microsoft.

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Zach Epstein
Zach Epstein Executive Editor

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.