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May 18, 2016 10:40 am GMT
Microsoft is selling the feature phone business it acquired from Nokia back in 2013 to a subsidiary of Chinese manufacturer Foxconn for $350 million, it announced today. At the same time former owner Nokia said it has inked a deal to license its brand to HMD Global, a new Finnish company run by ex-Nokia and Microsoft devices staff, to “create a new generation of Nokia-branded mobile… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/qd0rZ2PC1-E/
Microsoft offloads Nokia feature phone business to Foxconn for $350M
Microsoft is selling the feature phone business it acquired from Nokia back in 2013 to a subsidiary of Chinese manufacturer Foxconn for $350 million, it announced today. At the same time former owner Nokia said it has inked a deal to license its brand to HMD Global, a new Finnish company run by ex-Nokia and Microsoft devices staff, to “create a new generation of Nokia-branded mobile… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/qd0rZ2PC1-E/
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