Nokia Shareholders OK Microsoft’s Purchase Of Handset Business

Espoo, Finland –Nokia shareholders approved the sale of almost all of Nokia's devices and services business to Microsoft.
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Espoo, Finland –Nokia shareholders approved the sale of almost all of Nokia's devices and services business to Microsoft.

More than 99 percent of shareholders voted for the deal, which is valued at almost $7.2 billion. The deal was announced in September and is expected to close in the first quarter of 2014 subject to regulatory approvals.

“Today's vote brings us closer to completing a transaction which will mark the beginning of the next chapter in Nokia's near 150-year history, offering the potential of greater value for shareholders," said Risto Siilasmaa, Nokia chairman and interim CEO.

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