John Paczkowski

Recent Posts by John Paczkowski

Nokia Shareholders to Approve Microsoft Deal

ballmer_elop_phonesNokia’s shareholders have done what everyone expected them to do, approving the sale of the Finnish company’s devices and services business to Microsoft.

At a general meeting in Helsinki Tuesday morning, the gathered investors rubber-stamped the $7.35 billion deal, which will see Microsoft acquire Nokia’s devices and services business and license the company’s mapping services, a move that Microsoft CEO Steve Ballmer characterizes as “a bold step into the future.”

According to the AFP, the deal was almost unanimously approved ahead of today’s meeting, with some 99.7 percent of shareholders who registered voting in favor of it.

The green light from Nokia’s investors marks the end of an era for the company. Once the world’s largest manufacturer of cellphones, Nokia will now evolve into a telecom equipment and services firm.

RELATED POSTS:


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

Latest Video

View all videos »

Search »

When AllThingsD began, we told readers we were aiming to present a fusion of new-media timeliness and energy with old-media standards for quality and ethics. And we hope you agree that we’ve done that.

— Kara Swisher and Walt Mossberg, in their farewell D post