Microsoft to acquire Nokia handset business for $7.2 bn

September 03, 2013 10:52

Microsoft Corp on Tuesday said it would buy Nokia's mobile phone business for 5.44 billion euros, and the Finnish firm said its CEO, Stephen Elop, would join Microsoft when the transaction closed.

Finland's Nokia, once the undisputed leader in mobile phones, has been struggling to respond to the challenge from smartphone makers such as Apple and Samsung. Read

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