A deal could be reached before the end of this year.
Update: Nokia has acted swiftly to deny the controversial rumor. Mark Squires, Communications Director for Nokia, took to Twitter to say that Eldar’s report was inaccurate and not true.
“We typically don’t comment on rumors. But we have to say that Eldar’s rumors are getting obviously less accurate with every passing moment.”
Now, here’s a shocker. According a blog post from Eldar Murtazin, an industry insider known for his accurate intel, Nokia is seriously considering selling its entire cell phone unit to Microsoft – whom the company struck a deal with earlier this year to produce Windows Phone 7 devices.
The deal could be made as soon as the end of this year, however details of which will not be disclosed immediately.
“Next week Nokia will start the negotiations about the sale of it’s 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.”
The rumor has once again fueled the conspiracy of Stephen Elop, an ex-Microsoft executive, being a “Trojan Horse”, set out to sell Nokia to the Redmondians for cheap.
The story does sound far fetched, but hey, Nokia started out as a paper company. You never know.