Microsoft to acquire Nokia’s devices & services business for around $5 billion

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Microsoft to acquire Nokia’s devices & services business for around $5 billion

“Big news from the middle of the night. According to Nokia, Microsoft will purchase “substantially” all of Nokia’s device and service arms as well as licensing the phone maker’s patents and mapping know-how. The Redmond company will pay Nokia a cool 3.79 billion euros ($4.99 billion) for the business, and 1.65 billion euros ($2.18 billion) for its patent armory.”

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