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Month: September 2013

Microsoft to Buy Nokia’s Devices Unit for $7.2 Billion

Microsoft agreed to buy Nokia Oyj (NOK1V)’s handset business and license its patents for 5.44 billion euros ($7.2 billion), casting together the lot of two companies seeking to stay relevant against more fleet-footed technology rivals. The deal changes the nature of both companies. Nokia is exiting from the mobile-phone business it once dominated, leaving it […]

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