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Nokia sells mobile phone business to Microsoft

Shareholders of phone maker Nokia have agreed to sell their mobile phone business to technology giant Microsoft for 5.4 billion euros.  

The deal will go ahead despite objections from some investors who opposed the sale of a Finnish asset.  Regulators must clear the sale. 

In September, Microsoft agreed to buy the mobile phone business and licence patents from Nokia.  

Nokia has seen its share of the smartphone market shrink as competitors such as Apple and Samsung have risen in popularity.



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