Nokia Share Holders Approve Microsoft Buyout with 99.7%Voting For

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Nokia’s Extraordinary Shareholders Meeting was today held in Helsinki, giving share holders a chance to vote on Microsoft’s proposed purchase of Nokia’s Devices and Services Division, and Shareholders voted almost unanimously to accept the offer of €5.44 billion ($7.4B/£4.6B).

An estimated 5,000 shareholders attended the meeting, and 99.7% voted for the proposal, meaning the deal should be completed in the first quarter of 2014.

While it is sad to think we will no longer see the Nokia name on smartphones (Ahsa devices will continue to have Nokia branding for the foreseeable future), this deal will see 32,000 Nokia staff moving over to Microsoft (though physically should stay in the same place) so a lot of what makes Nokia Lumia devices great, such as 41 mega pixel cameras and amazing build and design, will still be in place, just under a different owner.

Let us know what you think of todays news in terms of Windows Phone/Lumia/Nokia. A good or bad thing?

Source : ibtimes

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