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Nokia Shareholders Approve Microsoft Buyout

Nov 19, 2013, 8:19 AM by Eric M. Zeman

Nokia's shareholders today approved Microsoft's proposed acquisition of the company's handset business, according to the Financial Times. About 80% of Nokia's shareholders sided with management in favoring the deal, which will see Nokia's phone-making unit sold to Microsoft for $7.2 billion. Microsoft believes the deal will strengthen the footing of its Windows Phone platform. Nokia's Lumia-branded smartphones represent the lion's share of Windows Phones sold throughout the world. Nokia will still hold onto its networking business. Nokia CEO Stephen Elop is expected to run the new hardware division from Microsoft's headquarters in Redmond. The deal still needs to meet regulatory approval.

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ibnturab

Nov 19, 2013, 2:38 PM

Its a Shame

I really used to like Nokia, they used to make the best phones til about 2008. Then, it went downhill real fast, especially after the Elop Trojan Horse took over. Since companies are in the business to make money, I don't see how Nokia would have lost anything by making Android alongside Windows, Maego, Meemo, or Symbian. Completely disgusted by the whole Microsoft and Elop deal

Vmac39

Sounds like your confusing making the best phones with your dislike for Windows Phone. Nokia still makes excellent phones...some of the best in the market, when it comes to quality of hardware. (IMO)

As for making money, they still have to compete ...
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DarkStar

um because Maego, Meemo, and Symbian doesn't have applications. And if those OS's don't have applications then people won't buy those phones. And if Nokia makes those phones and nobody buys those phones then Nokia spent money and recieved none in re...
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Hays21

I don't understand why you think that Nokia phones have gone down hill. Nokia is still making very nice phones that are very much running competition to samsung/apple phones. The only thing that is hurting them is the lack of app support for windows p...
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