One formality down: Nokia shareholders overwhelmingly approve Microsoft sale
19th Nov 2013 | 17:49
But we may always have the Music
Today Nokia shareholders approved the sale of the company's devices and services division to Microsoft, with the majority of them already giving the go-ahead before a formal and final vote.
The Microsoft buyout, which also includes a €5.44 billion (about $7.37b, £4.57b, AU$7.82b) payment for licensing Nokia patents, is expected to infuse the onetime Finnish mobile giant with nearly €8 billion (about $10.84b, £6.72b, AU$11.5b) when it closes in early 2014.
Though it's jettisoning its loss-making mobile business, Nokia will still operate its telecom equipment business, Nokia Services and Networks, as well as its nat-sav software unit. It will still own a number of patents.
Nokia Music may go cross-platform
While many outsiders assume Microsoft is picking Nokia's cupboards clean of all the best stuff, a new report claims that may not be entirely true.
According to Unwired View, the previously Lumia exclusive Nokia Music may not be packing its bags for Redmond, instead staying behind with the company's map software for a multi-platform expansion.
Nokia already attempted the same feat a year ago with its free Here Maps app for iOS, but there's no word on exactly when the HTML5-powered version of Music might actually make its debut.
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