Helsink – Two years after hitching its fate to Microsoft’s Windows Phone software, 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 .

Nokia’s Canadian boss Stephen Elop, who ran Microsoft’s business software division before
jumping to Nokia in 2010, will now return to - See more at: http://houseretailnews..com/2013/09/nokia-to-sell-handset-business-to.html#sthash.hkLROirm.dpuf