Microsoft will end up paying Nokia over $1 billion for Windows Phone 7 deal

Bloomberg is reporting that Microsoft will end up paying Nokia over $1 billion for the recent Windows Phone 7 deal, through development and promotional costs. "Nokia will pay Microsoft a fee for each copy of Windows used in its phones, costs that will be offset as Nokia curtails its own budget for software research and development," says one of the sources even though the full agreement ... [ read the full article ]