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Microsoft and NOKIA announce formation of MiNOKIA Corporation

Markets jumped following the announcement of the $7.2 billion dollar acquisition of Finnish cellphone manufacturer, NOKIA, by Microsoft. NOKIA stock was up more than 30% while Microsoft was dealt a drop of 5% as investors were anxiously awaiting the details of the NOKIA acquisition. “We are forming a new entity, MiNOKIA, and plan to converge […]

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