Why Microsoft Wrote Down Nokia

Microsoft plans to cut as many as 7,800 jobs and write down about $7.6 billion on its Nokia phone-handset unit, wiping out nearly all of the value of a business it acquired just 14 months ago. Bloomberg's Cory Johnson reports on “Bloomberg Markets.” (Source: Bloomberg)

Full Show: Bloomberg Daybreak: Americas (09/13)
52:20 - Bloomberg Daybreak: Americas hosted by David Westin, Jonathan Ferro, and Alix Steel. Guests include Mick Mulvaney, director of the U.S. Office of Management and Budget, Gene Munster, co-founder at Loup Ventures, and Sen. Joe Manchin, a Democrat from West Virginia. (Source: Bloomberg)
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