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September 3, 2013 02:27 pm GMT

Nokia's $7.2BN Devices & Services Exit Is Just The Latest Chapter In A 150-Year History Of Business Shifts

nokia-tyresYou don't get to be an almost 150-year-old company, as Nokia is, without being good at reinvention. The Finnish company's latest Houdini trick -- announced late yesterday -- is to exit smartphones by selling its Devices & Services business unit to Microsoft for $7.2 billion so it can focus on areas of its business that have not been brought low by the competition.

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