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July 8, 2015 01:43 pm GMT

Microsoft Writes Down $7.6B Of Its Nokia Acquisition, Announces 7,800 Layoffs

Microsoft Nadella ElopMicrosoft’s signaled and expected goodwill impairment, relating to its previous purchase of the majority of Nokia’s hardware assets, took place this morning — with the software company erasing $7.6 billion from its books. Read More

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Aka4dI0U6Hw/

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