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January 5, 2012 03:38 pm GMT

The Not-So-Crazy Rumors About Microsoft Taking Over Nokias Smartphone Division Resurface

nokiaMobile industry watcher Eldar Murtazin took to Twitter today, claiming that Microsoft and Nokia executives will be meeting each other shortly to discuss the possibility and terms of a deal involving the sale of the Finnish phone maker's smartphone division (including "one or two" manufacturing plants).Such an agreement between the two tech giants, which Murtazin says could be finalized in the second half of 2012, would leave Nokia with nothing but its 'dumbphone' or feature phone business, mapping services subsidiary Navteq and Nokia Siemens Networks, the flailing networking and telecom equipment company (a joint-venture with Siemens).Murtazin also asserts that current Nokia head honcho Stephen Elop will resign from his chief executive role in the course of this year (possibly to return to Microsoft, where he used to run the Business Division?). Furthermore, Windows smartphones would no longer be branded 'Nokia'.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/gH6WXpcOCIY/

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