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 More

from Microsoft – TechCrunch http://techcrunch.com/2016/05/18/microsoft-offloads-nokia-feature-phone-business-to-foxconn-for-350m/?ncid=rss