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Tech Forums => PC Tech => Topic started by: mozart123 on May 18, 2016, 06:28:58 PM

Title: Microsoft is selling its feature phone business to Foxconn for $350 million
Post by: mozart123 on May 18, 2016, 06:28:58 PM

Microsoft is selling its feature phone business to FIH Mobile, a subsidiary of Foxconn, for $350 million. The deal will see 4,500 employees transfer over to Foxconn's subsidiary, and Microsoft handing over the rights to use the Nokia brand, feature phone software, services, and other contracts and supply agreements. Nokia is now planning to license its brand to a newly created company called HMD global, which will produce and sell a range of Android smartphones and tablets.

http://www.theverge.com/2016/5/18/11699660/microsoft-foxconn-feature-phone-sale