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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 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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