This happened shortly after Hewlett Packard Enterprise announced plans to spin its services business into a merger with Computer Sciences Corp. Scale matters in tech. Microsoft said Wednesday it is laying off 1,850 employees from its smartphone business, which effectively kills most of what remained of the business it bought from Nokia less than three years ago for $7 billion. This unwinds the $13.9 billion... Until it doesn’t.

Source: Wall Street Journal May 25, 2016 12:52 UTC