Nokia denies rumours concerning Microsoft tie-up

Microsoft is alleged to have agreed to a US$19 billion purchase of Nokia’s handset division – as was recently suggested by a blogger in Russia.

Talk of a sale to Microsoft has been rampant since Nokia tapped former Microsoft executive, Stephen Elop to head the company, and its subsequent decision to switch from its in-house Symbian operating system platform to the Windows Phone OS for its smartphones.

However, Nokia dismissed the report of talks between the two companies.

The current market capitalisation for all of Nokia is around US$25 billion.