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Microsoft to acquire Nokia's mobile business

2013-09-03 07:54:49| InfoWorld: Top News

Microsoft will acquire Nokia's Devices & Services business, which includes the smartphone and mobile phones businesses, for 3.79 billion ($5 billion), Microsoft said today. The Redmond, Wash., software company will also pay 1.65 billion ($7.2 billion) to license Nokia's patents, for a total transaction cost of 5.44 billion in cash.

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