NOKIA CEO DENIES ACQUISITION TALKS WITH MICROSOFT

Nokia CEO Stephen Elop on Wednesday responded to reports that Nokia had agreed to sell its cell phone business to Microsoft for $19 billion. “We have a great plan for our future, and we’re focused on executing that plan,” Elop told Bloombergin 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.