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Nokia buys Siemens stake for $2.2 billion

New Nokia Lumia 920 (L) and 820 Windows smartphones are displayed during a joint event with Microsoft on September 5, 2012 in New York City.

Nokia stock was up significantly this morning, which may come as a surprise because the Finnish cellphone company has been struggling to keep up with the likes of Apple and Samsung. But the optimism on Wall Street has to do with a different part of the smartphone tech market -- the business end. Nokia just bought out electronics giant Siemens in a joint venture to make high-speed wireless network technology.

Todd Wasserman, business editor at Mashable, joins Marketplace Tech host Ben Johnson to discuss the deal.

 

About the author

Ben Johnson is the host of Marketplace Tech.

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