Tuesday, September 01, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
This Is Google's Redesigned Logo
Instagram Gets New Features
Alliance for Open Media To Deliver Open Standard for Online Ultra High Definition Video
Seagate Develops High Density Mobile Hard Drive Technology, New Portfolio of 8TB Hard Drives
Apple To Work With Cisco On Enterprise Environment; said To Prepare Own Original Programming
Qualcomm Snapdragon 820 Processor To Geature Mobile Anti-malware Technology
WD My Cloud OS 3 Makes Cloud Storage More Personal
Samsung's Circular Gear S2 Smartwatches Unveiled
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > Mobiles > Nokia G...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, November 19, 2013
Nokia General Meeting Approves Microsoft Deal


Nokia shareholders today approved the sale of the company's mobile phone business to Microsoft on Tuesday.

The Extraordinary General Meeting of Nokia held today confirmed and approved the sale of substantially all of Nokia's Devices & Services business to Microsoft in line with the proposal and recommendation of the Nokia Board of Directors.

Nokia said that more than 99 % of the votes cast at the meeting were in favor of this proposal.

"This is a significant step forward for Nokia. We are delighted that shareholders have given us overwhelmingly strong support to proceed with this transformative agreement," said Nokia Board Chairman and interim CEO, Risto Siilasmaa. "Today's vote brings us closer to completing a transaction which will mark the beginning of the next chapter in Nokia's near 150-year history, offering the potential of greater value for shareholders," he said.

The transaction is expected to close in the first quarter of 2014, subject to regulatory approvals and other customary closing conditions.

Nokia in September agreed to sell its devices and services business and license its patents to Microsoft for 5.44 billion euros ($7.4 billion) after failing to recover from a late start in smartphones.

The sale is set to boost Nokia's net cash position to nearly 8 billion euros from around 2 billion in the third quarter.

Without the handset business, the remaining company will earn over 90 percent of sales from telecom equipment unit Nokia Services and Networks (NSN) and will also include a navigation software business and a trove of patents.




Previous
Next
Intel Redesigns The Xeon Phi Chip For Supercomputers        All News        Broadcast Gameplay Option Won't Be Available At Xbox One Launch
MediaTek Launches Its MT6592 True Octa-Core SoC     Mobiles News      ZTE Adds Two New Handsets To Its Nubia Line

Get RSS feed Easy Print E-Mail this Message

Related News
Nokia Agrees on 'Shanghai Bell' Joint Venture with China Huaxin
Entry-level Nokia 222 Phone Lets You Surf Online, Capture Photos
AUDI AG, BMW Group and Daimler AG To Buy Nokia's HERE Digital Mapping Business
Nokia Releases The OZO Virtual Reality Camera for Professionals
European Regulators Approve Nokia's Acquisition of Alcatel-Lucent
Nokia Said To Release VR Device
Nokia, SKT Team Up On 5G Research
Nokia To Return To Phone Business Next Year
Nokia Networks to Acquire Eden Rock
Judge Rules in Favor of InterDigital in ITC Action Involving Nokia, Microsoft
Nokia Won't Return To Phone Manufacturing
Nokia to Buy Alcatel-Lucent

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .