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Why is Microsoft buying Nokia's mobile phone business?

Name: Why is Microsoft buying Nokia's mobile phone business?
Uploaded: 2013-09-03T12:15:42-0400
Duration: 2 min 34 s
Description: Microsoft is buying Nokia's entire line of phones and its patents for $7.2 billion in an attempt to catch up with its smartphone rivals. But why spend so much on a failing company? Ben Tracy explains.

Microsoft is buying Nokia's entire line of phones and its patents for $7.2 billion in an attempt to catch up with its smartphone rivals. But why spend so much on a failing company? Ben Tracy explains.