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  • Mergers and Acquisitions

Microsoft buys Nokia mobile unit and grabs patent licence for €5.44bn

Ballmer calls move a "bold step into the future" as firms hope for salvation in each other's arms

  • Michael Passingham
  • Michael Passingham
  • @MrPassingham
  • 03 September 2013
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Microsoft has bought Nokia's mobile phone unit for €3.79bn in a major play to try and improve its presence in the mobile market. Microsoft will also pay €1.65bn to license Nokia's patents for 10 years,...

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