Insight: As Finland reels, Microsoft doubles down with Nokia phone deal

Photo illustration shows a man using the camera of a Nokia Lumia 820 smartphone in ZenicaBy Ritsuko Ando and Bill Rigby HELSINKI/SEATTLE (Reuters) – In an era when shiny new tech start-ups can be worth tens of billions of dollars, Microsoft's deal to acquire Nokia's mobile handset business for 5.44 billion euros ($7.2 billion) is a modest one from a strictly financial point of view. Yet the deal is likely to go down as a major turning point in the contemporary technology business, one that marks the end of a Finnish company's unlikely run as world-beating tech icon even as it shapes the future of Microsoft Corp – for better or for worse. …

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Insight: As Finland reels, Microsoft doubles down with Nokia phone deal

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