Breaking news: Microsoft to buy Nokia mobile phone unit for €5.4bn

 
 
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Tuesday September 03 2013
 
 
Breaking news
 
Microsoft to buy Nokia mobile phone unit for €5.4bn
 
Microsoft is buying Nokia's mobile phone business and patents for €5.44bn in an all-cash deal that will reshape the telecoms industry in two continents.

The US company will pay €3.79bn for "substantially all" of Nokia's phone unit and €1.65bn to licence its patents in a big bet from Steve Ballmer, Microsoft's outgoing chief executive, that the Finnish group's mobiles can rival Apple and Samsung's.
 
 
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