Nokia denies Microsoft takeover rumours

Nokia has refuted speculation that it is to be bought by Microsoft, according to reports.


The two companies formed a strategic alliance earlier this year, which kick-started a series of rumours that the partnership would lead to a Microsoft takeover.

The tie-up was made so the companies could pool resources and gave Nokia a timely boost to its smartphone provision, which was waning in the face of stiff competition from Google and Apple.

As part of the deal, Nokia switched from its Symbian operating system to Microsoft’s Window’s Phone 7 operating system for its smartphones.

However, Nokia’s CEO Stephen Elop has reportedly branded speculation of a Microsoft takeover as “baseless”, speaking at US D9 conference.

Last week, Nokia revealed a 15% drop in shares, with the Finnish company admitting it’s unlikely to make a profit this quarter for the first time in nearly a decade.

Nokia’s profit fell 35% quarter on quarter to €704m (£620.8m) during Q1 as it continued to struggle in the smartphone market.

This story first appeared on New Media Age. For more digital stories and analysis’ from NMA click here now

Latest from Marketing Week

Influencers, consultancies and the recruitment crisis: The key topics of conversation at Cannes Lions

cannes lions

Cannes Lions 2018: Marketers turned out in force to advertising’s biggest annual event. But away from the usual talk of purpose and creativity, some big issues such as the recruitment crisis, how advertising responds to the #MeToo movement and cleaning up the influencer marketing space were discussed.


Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now


Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.


From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.


Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3703 or email

If you are looking for our Jobs site, please click here