<ul><li>Microsoft made a monumental misstep by acquiring Nokia's struggling phone business for $7.2 billion.</li><li>Nokia's bet on Windows Phone instead of Android proved fatal.</li><li>The acquisition drew criticism for its high cost and obsolescence of Nokia's assets.</li><li>Microsoft wrote off $7.6 billion and made significant job cuts following the Nokia acquisition.</li></ul>

The worst Acquisition of the decade: When Microsoft Bought Nokia Reflecting on Microsoft's $7.6 Billion Blunder with Nokia

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