Nokia shareholders agree to sell handset department to Microsoft

NetEase technology News November 19, Nokia announced today that the company's shareholders have agreed to the mobile phone department to 5.44 billion euros (7.35 billion U.S. dollars) price to sell to Microsoft. The takeover process is a step forward. According to the data, 99.7% of Nokia's shareholders agreed to the deal. After the deal is completed, Nokia will become a telecommunications equipment and services company. Microsoft's takeover of the Nokia handset sector will require approval by the EU government. September 3 This year, Microsoft announced a 3.79 billion euros to buy Nokia's mobile phone business, in addition to 1.65 billion euros to pay Nokia's patent license, the total amount of 5.44 billion euros. Nokia will retain Nokia Solutions and network Company (formerly NSN), here Map business, research and development department and patent portfolio. At the end of the deal, some Nokia executives, including former CEO Elop, will join Microsoft. Elop will lead and expand Microsoft's Equipment team. He is also a popular candidate for Microsoft's next CEO. Last month, Elop said in an interview that Microsoft might abandon the Nokia brand in the future. That is to say, after a decade of Microsoft's license to use the brand, the Nokia brand may be completely lost in the mobile phone market. (Shing)