Nokia refutes recent Microsoft buyout claims

Nokia says Microsoft is not planning a takeover

Phone giant denies claims of imminent takeover

Nokia has hit out at claims that computer giant Microsoft is planning a buyout of the Finnish phone manufacturer, stating such rumours are ‘inaccurate’.

The reports, which steamed from regular Nokia leakster Eldar Murtazin, suggested Microsoft and Nokia are in talks with the Redmond software company readying a deal that would see it acquire the mobile arm of the N8 creator.

With Microsoft taking over VoIP leader Skype in recent weeks for a hefty $8.5 billion fee, Murtazin claimed via his blog that Nokia was next on the company’s hit list stating: "Next week Nokia will start the negotiations about the sale of its phone unit to Microsoft.

"For now the results of the negotiations won't be public, but the deal might close before the end of 2011. Both companies are in a big hurry."

Hitting back at these bold claims, one of Nokia UK’s leading PRs, Mark Squires has refuted the remarks via his Twitter account stating: "We typically don't comment on rumors. But we have to say that Eldar's rumours are getting obviously less accurate with every passing moment."

Nokia announced back in February that it had ditched its longstanding Symbian OS from upcoming flagship smartphone devices and teamed up with Microsoft to incorporate the company’s Windows Phone 7 OS.

Will Microsoft takeover the mobile arm of Nokia or are such claims wild over exaggeration of a simply business deal that will see Nokia utilise the Windows Mobile OS? Let us know what you think via the T3 Twitter and Facebook feeds.

Via: TechRadar