Microsoft Buying Nokia's Mobile Phone Unit

Some Nokia phones run on Windows

Reason Staff | 9.3.2013 8:00 AM

Microsoft has agreed a deal to buy Nokia's mobile phone business for 5.4bn euros ($7.2bn; £4.6bn).

Nokia will also license its patents and mapping services to Microsoft. Nokia shares jumped 45% on news of the deal.

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Microsoft Buying Nokia's Mobile Phone Unit

Some Nokia phones run on Windows

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