Big tech business news from Finland: Nokia, once a global leader in cell phones, has agreed to sell its handset business to Microsoft.
The move comes after a deal between the two companies two years ago which saw Nokia agree to use Microsoft’s mobile operating system on all of its hardware.
The deal between Nokia and Microsoft, $7 billion, is widely seen as the latest attempt to revive the flagging fortunes of Nokia, and for Microsoft to make a dent in a market now dominated by phones running Google’s Android operating system, and Apple’s iPhone.