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Microsoft Accquires Nokia’s Phone Business For US$ Seven Billion

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Microsoft on Tuesday had made public it’s plan to buy Nokia’s devices and services division which makes Nokia smartphones by paying about US $7 billion. $5 billion is for Nokia’s devices business and around $2.2 billion for the rights to Nokia’s patents.   Nokia is no longer among the top five makers of smartphones but remains the second-largest shipper of [...]

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