Microsoft stock dips 6% after Nokia deal announced

Wall Street not impressed by news


Investors are not reacting enthusiastically to this morning's news that Microsoft will shell out $7.2 billion to acquire Nokia's Devices and Services business. Shortly after 1 p.m., the company's stock price is down 6 percent, a level it's been hovering at for several hours.

Only 10 days ago, Microsoft's stock had risen as much as 9 percent on the news that CEO Steve Ballmer would be stepping down within a year, though much of that advance had receded even before this morning's deal was announced.

(Update: At least Ballmer and the Nokia deal made the latest installment of Geek-Themed Meme of the Week.)

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