Microsoft’s Nokia acquisition clears first hurdle: Nokia shareholders approve sale

By Kip Kniskern | In News | Posted November 19, 2013 0 comments

It’s a big day for shareholder’s meetings today, with Nokia holding one earlier today and the Microsoft shareholder’s meeting, including a vote on whether or not Steve Ballmer will remain on the board, later today.

For Nokia, the big vote, of course, was whether or not to approve the sale of Nokia’s phone businesses to Microsoft, as announced on Labor Day weekend (September 2), but the vote passed with some 99.7 % of the votes cast in favor, according to The Verge. The acquisition will still have to face regulatory approval, and beyond that, Microsoft will have quite the learning curve in running a large hardware operation for the first time in its 30 year existence.

Still, it’s good for Microsoft to have survived the first hurdle, making Microsoft’s journey to becoming a “devices and services” company one step closer to reality.

Posted November 19th, 2013 at 10:42 am
Category: News
Tags: Microsoft, Microsoft-Nokia, Nokia