Microsoft in Nokia phone deal

Microsoft has offered to buy the mobile phone division of the Finnish firm Nokia for £4.6 billion. Any deal would be subject to approval from Nokia shareholders. The companies have been cooperating on mobile phone software since 2011.

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Microsoft boss: 'It's a bold step into the future'

Microsoft is to buy Nokia's mobile phone arm. Credit: Sebastian Kahnert/DPA/Press Association Images

Technology giant Microsoft is to buy Nokia's mobile phone arm in a "bold step" in the smartphone market that will cost it about £4.6 billion

Outgoing Microsoft boss Steve Ballmer, who announced plans to retire last month, said: "It's a bold step into the future - a win-win for employees, shareholders and consumers of both companies."

Microsoft agrees to buy Nokia mobile phone business

Microsoft has agreed to buy "substantially all" of Nokia's mobile phone business at a cost of 5.4 billion euros (£4.6bn).

Nokia Credit: Dave Thompson/PA Wire

The deal, which is still subject to approval by Nokia shareholders and regulators, reportedly includes licences to the Finnish company's patents.

Nokia partnered in 2011 with Microsoft and uses Microsoft's Windows software to run its mobile phones.

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