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JUDY WOODRUFF (Newshour): We turn now to rapidly changing world of technology and telecommunications, where two big deals have been announced in as many days.
The latest, Microsoft is buying Nokia's smartphone and cellular handset business for just over $7 billion. It comes just days after questions were raised about the future of Microsoft when CEO Steve Ballmer announced his intention to retire.
On Monday, Verizon announced that it would buy Vodafone's stake in Verizon Wireless for $130 billion, making it one of the largest merger and acquisition deals in history.
Cecilia Kang of The Washington Post has been covering these stories, and she joins me now.
Welcome back to the NewsHour, Cecilia.
Let's start with the later -- or the newsiest of the two stories, and that is Microsoft buying Nokia. What is behind this?
CECILIA KANG, The Washington Post: Well, what is behind this is, Microsoft has really struggled to really get a foothold in the smartphone market that has really just dominated all of technology in the last six years, since the iPhone was released.
And it's struggled because its software development has been slow and it has not been able to compete with companies like Apple and Google, which now completely dominate the smartphone market. And this is really where the future of all technology is going.
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