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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."

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