Nokia stock closes up 31% after announcement of acquisition by Microsoft

The outlook for Nokia was pretty grim yesterday, with one analyst saying that the company was looking at a "disastrous third quarter". Then, everything changed when Microsoft announced that it would purchase Nokia's Devices and Services division for $7.17 billion (including patent licensing). So, it's really no surprise that today was a huge day for Nokia stock...

Source: http://www.phonearena.com/news/Nokia-stock-closes-up-31-after-announcement-of-acquisition-by-Microsoft_id47022

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