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Nokia to Sell Cell Phone Business to Microsoft

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A Nokia Lumia 820 smartphone with Microsoft logo on the screen is shown in a photo illustration taken in the central Bosnian town of Zenica, September 3, 2013. Two years after hitching its fate to Microsoft's Windows Phone software, a withered Nokia collapsed into the arms of the U.S. software giant, agreeing to sell its main handset business for 5.44 billion euros ($7.2 billion). Nokia, which will continue as a maker of networking equipment and holder of patents, was once the world's dominant handset manufacturer but was long since overtaken by Apple and Samsung in the highly competitive market for more powerful smartphones. REUTERS/Dado Ruvic (BOSNIA AND HERZEGOVINA - Tags: BUSINESS TELECOMS) - RTX135K9

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