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Microsoft buying Nokia’s handset division in $7.2 billion deal; Stephen Elop returning

Well, how’s this for late-break­ing Labor Day news: Microsoft has just announced that it’s struck a deal with Nokia to buy “sub­stan­tial­ly all” of the Finnish phone mak­er’s Devices & Ser­vices busi­ness, plus license Noki­a’s patent port­fo­lio for ten years, for $7.1 bil­lion in cash. As part of the deal, for­mer Microsoft exec­u­tive Stephen Elop […]