The Mis-Adventures in Technology of an Old Dog Learning New Tricks…

TechCrunch

Nokia’s shareholders have approved the sale of its devices & services unit to Microsoft at an EGM held today in Helsinki, the FT reports. The transaction is still expected to close in the first quarter of next year (subject to regulatory approvals), with Nokia in a caretaker role of its own mobile making division until early 2014.

Update: Nokia has now confirmed the outcome of the shareholders’ vote in a press release, which notes that: “More than 99 % of the votes cast at the EGM were in favor of this proposal.”

It’s the end of an era for Nokia. And also closes a recent chapter for the business which started when it appointed its first non-Finnish CEO, and also former Microsoft executive, Stephen Elop to the top job back in September 2010. Elop went on to forge a partnership with Microsoft over its Windows Phone OS, and ultimate…

View original post 953 more words

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Tag Cloud

%d bloggers like this: