Microsoft will buy Nokia's handset business

09/3/2013 | USA Today · Google · Wired.com

Microsoft reached an agreement with Nokia to buy the Finland-based company's smartphone and cellphone handset business for $5 billion. Microsoft will pay an additional $2.2 billion to license Nokia's patents. The acquisition is part of Microsoft's drive to expand beyond the software business. Nokia CEO Stephen Elop will join Microsoft as an executive vice president of devices and services.

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USA Today · Google · Wired.com

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