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Microsoft Acquiring Nokia's Smartphone Business?

After witnessing Microsoft's engagement with Nokia's smartphone division over Windows Phone 7, rumours are going strong that Microsoft might take over Nokia in Consumer Electronics Show. If in case these rumours turn out to be true then senior executives of both the company might meet at CES to finalise all the necessary terms of the deal.

According to the editor-in-chief Analyst, MRG, Eldar Murtazin, "Steve Balmer, Andy Lees and Stephen Elop, Kai Ostamo will meet in Las Vegas to finalize agreement about Nokia smartphone unit. Bye Nokia," reported Recombu.

The expert also claimed that the brand Nokia will not be continuing with the same name under the new Microsoft Unit and also that Stephen Elop will be resigning as the CEO of Nokia in the current year itself.

Even though nothing has been officially confirmed yet, the joint venture between the two companies might make a good impact on the market as software as well as services of Nokia would become integral part of Windows Phone devices over time. Microsoft and Nokia have even invested $200 million in their combined effort to launch Nokia Windows Phones.