Microsoft buys Nokia for $7.2 billion

Microsoft's acquisition of handset major Nokia's phone division has drawn a lot of interest in the tech and business world. Will beleaguered Nokia be better able to succeed at what it could not as a standalone player? Will Microsoft be able to rewrite its smartphone story now & compete better with Apple and Google? These are the questions only time can answer. But the two are definitely expected to derive better synergies with the merger.
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