Helsinki, Finland: Shareholders of
Nokia have approved the company's planned sale of its mobile handset business
to Microsoft, according to the Nokia.
Nokia said over 99 per cent of votes
at the extraordinary meeting approved the sale. The transaction is expected to
close in the first quarter of 2014, subject to regulatory approvals and other
customary closing conditions.
Originally
announced in September, the sale will see Microsoft acquire the Nokia Devices
& Services division for Euro3.79 billion. In addition it will pay Euro1.65
billion to license Nokia's patents, bringing the total value of the deal to
Euro5.44 billion in cash.
No comments:
Post a Comment