Nokia shareholders have overwhelmingly decided that the company should sell off its Devices and Services business to Microsoft.
Ahead of a shareholder meeting on Tuesday, Nokia reported that 99.7 percent of those investors who had voted before the meeting had approved the transaction, the Financial Times is reporting. Those investors held four-fifths of the voting shares, making the actual vote during the meeting a formality.
Microsoft announced in September plans to acquire Nokia's Devices and Services unit for $7.2 billion. Microsoft will pay $5 billion for "substantially all" of Nokia's mobile phone division and … Read more