PSA: Nokia to vote on Microsoft acquisition

Jordan O'Brien
November 19, 2013

Today is finally the day, Nokia is set to hold its Extraordinary General Meeting where it will be decided once and for all if the company will be selling its Devices & Services Business to the behemoth that is Microsoft. The meeting is set to take place at 12pm GMT, with it taking place in the Helsinki Ice Hall – just miles down the road from Nokia’s HQ in Espoo.

Microsoft has agreed to purchase the business for $7.2 billion, with Microsoft gaining a 10-year license to Nokia patents, as well as the company’s hardware division famous for building the Lumia line of Windows Phones.

It’s been widely accepted that Nokia’s shareholders will approve the sale, but the Finnish government has been unhappy about the way the deal has been handled – and the massive payout that the company’s former CEO Stephen Elop is set to get.

About the Author

Jordan O'Brien

Technology Journalist with an unhealthy obsession with trains and American TV. Attempts satire far too often. (+44) 020 7324 3502

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