Nokia shareholders approve Microsoft deal

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Sale of Finnish manufacturer’s devices and services business given green light, transaction expected to close in Q1 2014

Shareholders at Nokia have approved the sale of the company’s device and services unit to Microsoft at an extraordinary general meeting held today in Helsinki.

The acquisition was announced in September after Microsoft agreed to pay $7.36 billion (£4.58 billion) for the unit.

The deal is expected to close in the first quarter of next year, with Nokia taking a caretaker role of the division until the transaction is completed.

 

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