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Technology Stocks : Nokia Corp. (NOK)

NOK 6.810

-4.8%

Nov 4 3:59 PM EST

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From: zax	10/30/2013 4:33:32 PM
	of 9255

Keep hope alive X-D Nokita aims to outbid Microsoft for Nokia’s business October 30, 2013 \| By Surur wmpoweruser.com Soliciting billions of euros in a bid to purchase a company is not the usual way of going about business, with not even Blackberry going down that route. Despite this a movement called Nokita intends to tackle Microsoft and place a competing bid for Nokia’s handset division, claiming the division is worth more than 4 times the 5.4 billion Euro Microsoft is paying for it. They intend to take 25% of the smartphone market by selling both Android, Linux and Windows Phones, and by creating phones which are fun, educational and safe. Now I suspect Nokita is not going to raise 5 billion Euro via YouTube for a competing bid, but do our readers think Microsoft got Nokia’s handset division for a song (bearing in mind that most value it at $0 due to continuing losses)? Let us know below. Via MNB

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