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Microsoft To Pay More Than Half A Billion Dollars To Jump-Start Windows Phone 7

Engadget: Nearly four years after Apple launched the iPhone and two years after Google open-sourced the code for its Android operating system, Microsoft is finally set to re-enter the mobile market this holiday season in a serious way with Windows Phone 7.

It is trying to catch up to those more modern smartphones the only way it can — with cold, hard cash.

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