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…
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