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Nokia Microsoft mobile deal gets shareholder go ahead | |
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| Time: 13:21 EST/18:21 GMT | News Source: BBC | Posted By: Byron Hinson | ||
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Shareholders of the phonemaker Nokia have agreed to sell their mobile phone business to technology giant Microsoft for 5.4bn euros ($7.2 bn; £4.5bn). The deal goes ahead despite objections from some investors who opposed the sale of a Finnish asset. Regulators must clear the sale, but is expected to close early next year. In September, Microsoft agreed to buy the mobile phone business and licence patents from Nokia. Nokia has seen its share of the smartphone market shrink as competitors such as Apple and Samsung have risen in popularity. | ||
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