Microsoft to buy Nokia's phone business

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Tuesday, September 3, 2013 - 9:23am

Microsoft says it will buy mobile phone company Nokia.The acquisition will run Microsoft 7.2 billion dollars.

Nokia is the second largest maker of mobile phones but sales were apparently struggling and it already makes the windows smartphone for microsoft.

The move could inch microsoft closer to top phone contenders Apple and Google.Right now Apple and Google control 86% of the smartphone market, while Microsoft's Windows phone operating system has just a 3.7%.


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