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Microsoft completes $7.2 billion acquisition of Nokia

Gregg Keizer | April 28, 2014
Microsoft today officially closed its $7.2 billion acquisition of Nokia's handset business, welcoming approximately 30,000 new employees to its rolls.

Microsoft announced the acquisition of Nokia's devices arm — and an associated patent deal — on Sept. 2, 2013, when Ballmer was still chief executive. At the time, Microsoft said it would pay approximately $5 billion for "substantially all" of Nokia's Devices & Services business and $2.2 billion to license a broad portfolio of Nokia's patents.

Today, Nokia said that the closing price will be slightly higher than the original amount, but did not say by how much.

 

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