- 
Listen To The Story
Marketplace

Nokia and Microsoft have collaborated on smartphones using Windows software. Now, that relationship has blossomed into a full union.  

Microsoft will pay $7.2 billion for the handset business of a company that was the Apple iPhone or Samsung Galaxy of its time.

"You have to remember that just ten years ago, [Nokia] was worth more than $100 billion," the BBC's Mark Gregory says. "It's declined enormously since then, it's now only worth about $11 billion."

Gregory says Nokia's loss of independence is a pretty emotional moment for Finland - the home of Nokia.

"Most people in Finland can remember the day when Nokia was a national trophy and it also accounted for half of the Finish stock market," he adds.

Click the audio player above to hear from the BBC's Mark Gregory, and for more reaction from Nokia's home turf of Finland, click here

“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VA

As a nonprofit news organization, what matters to us is the same thing that matters to you: being a source for trustworthy, independent news that makes people smarter about business and the economy. So if Marketplace has helped you understand the economy better, make more informed financial decisions or just encouraged you to think differently, we’re asking you to give a little something back.

Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.