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Microsoft acquires Nokia for $7.17 Billion

Posted: 09.03.13
Citing Nokia's extensive patent portfolio, the opportunity to enter into new markets and the flexibility with OEM's Microsoft announces the acquisition of it's partner Nokia. None of this comes as a surprise given Microsoft's ambitions in the tablet space. The question remains if Nokia's rumored "Sirius" tablet set to be announced on September 23 will go forward or become a casualty of the deal. The announcement was met with mixed reaction by Wall St. with Nokia shares soaring and Microsoft taking a hit.