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(TG Daily) — Nokia and Yahoo, two powerhouse companies that have been blindsighted by emerging technologies around them, are apparently working on something big. All Things Digital has reported that Yahoo will be holding a press conference on Monday to announce a new way of “providing global consumers with rich online and mobile experiences, and bringing forward a new era in keeping consumers connected.” The event will supposedly reveal details of “Project Nike,” a long-awaited joint project from Yahoo and Nokia. According to media reports, Nokia will announce that future handsets will incorpoate a brand new mobile Yahoo infrastructure.

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