Nokia dismisses Microsoft takeover report

June 2, 2011 - PRLog -- Nokia chief executive Stephen Elop on Wednesday dismissed as "baseless" a report that Microsoft had agreed to buy the Finnish company's mobile company.

"There are totally no discussions," Elop said in the D9 engineering conference here hosted by All Things Digital. "The rumors are baseless."

The website Boy Genius, or BGR.com, noted on Wednesday that based on industry insider Eldar Murtazin, Microsoft has struck a deal to purchase Nokia's cell phone company for $19 billion.

Nokia hired Elop, a previous Microsoft executive, to get its chief executive in September and in February the Finnish organization announced that it was abandoning its smartphone platform to adopt Microsoft's mobile operating system.

Elop said the very first Nokia smartphone using the Windows Phone 7 software program can be released inside the fourth quarter in the year.

He briefly took a prototype out of his pocket but quickly set it back again devoid of offering a great deal being a glimpse with the display.

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