Nokia shareholders approve sale of devices business to Microsoft

Nokia shareholders met today at an extraordinary general meeting (EGM) to vote on whether or not to accept the terms of the company's proposed sale of its devices and services business to Microsoft. The deal, which was first announced in September, is worth €5.44bn EUR ($7.35bn USD / £4.57bn GBP), and also includes provisions for Microsoft to license patents from the Finnish company. 

Following a shareholder vote at the EGM, John Stoll, Stockholm bureau chief for The Wall Street Journal, tweeted that the deal has now been approved: 

Nic Fildes, Technology and Communications Editor at The Times, tweeted that 78% of those eligible to vote had already voted before the EGM. Of those early votes, a staggering 99% had voted in favour of the sale to Microsoft: 

The exact breakdown of votes including those who voted at the EGM is not yet known. The deal is still subject to international regulatory approval, but is expected to be completed early next year. 

Nokia handsets currently account for over 90% of Windows Phone sales, which has given cause for speculation that other manufacturers may turn their backs on Microsoft's mobile OS once the deal is completed. However, ZTE has confirmed that it will launch new Windows Phones next year, after Microsoft executives offered reassurances to the company. Microsoft reportedly told ZTE that it wanted to ensure that a variety of manufacturers continued to offer Windows Phones. 

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34 Comments

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so what will happen to current Nokia devices? will Nokia software be supported on the long run? Nokia Camera, Nokia Music, maps, etc..? or they will only support new devices?

This will surely affect my next purchase!

They are happily working away on Jolla. First handsets are supposedly due by end of the year. Don't be surprised when they sell more than WP did in 3 years.

recursive said,
They are happily working away on Jolla. First handsets are supposedly due by end of the year. Don't be surprised when they sell more than WP did in 3 years.

Hahahahaha...

recursive said,
They are happily working away on Jolla. First handsets are supposedly due by end of the year. Don't be surprised when they sell more than WP did in 3 years.

You are, of course, joking. Wapoz is right on - they are awful. Those of us who have seen them are just not impressed. Think about it - these are the same engineers that destroyed Nokia in the first place and forced them into making the life-or-death call to use WP7. Anyway, Nokia is alive today. Jolla is yesterday and will be still-born.

You'd think with all their legal trouble with Apple, Samsung would be making a larger effort in Windows phone. It's not like they don't have the financial standing to muscle a deal to have their own firmware and reduced license costs.

Wapoz said,
You'd think with all their legal trouble with Apple, Samsung would be making a larger effort in Windows phone. It's not like they don't have the financial standing to muscle a deal to have their own firmware and reduced license costs.

Windows phones don't sell well enough, so manufacturers left. Kind of like with RT.

You could say the same thing about every other Android handset other than Samsungs models, since Samsung is the only one truly profiting (due to the massive advertising budget). LG had success in reaching decent sales numbers, but all of their profits were eaten up on advertising and promoting the LG G2. Manufactures barely put much effort into advertising or promoting their WP handsets when they released them, most just making carbon copy clones of older models and pricing them incorrectly.

Sony's pretty much abandoning the US mobile market due to poor performance in every area except Japan and Europe where they merely have modest success. LG, I already mentioned lost any profits to trying to advertising and market the LG G2 (couldn't compete with samsungs advertising). Huawei and Lenovo only see success in the Chinese market. Meanwhile Samsung owns the vast majority of the android phone market share and profit.

YAY! However, I'm not sure how well it will perform after it is rebranded with a new Microsoft name. The Nokia name is already a trademark in the phone industry.

Justin Luna said,
YAY! However, I'm not sure how well it will perform after it is rebranded with a new Microsoft name. The Nokia name is already a trademark in the phone industry.

From what I understand, the deal allows MS to use the Nokia name on the feature phones like Asha. As far as the Lumia line goes I expect that where it used to say Nokia it will now just say Lumia. I don't think they will totally rename it.

GP007 said,

From what I understand, the deal allows MS to use the Nokia name on the feature phones like Asha. As far as the Lumia line goes I expect that where it used to say Nokia it will now just say Lumia. I don't think they will totally rename it.

Nope, they can't use Lumia. They will have to come up with some other name for their smartphones.

AsherGZ said,
Nope, they can't use Lumia. They will have to come up with some other name for their smartphones.

Yes, they can. They bought (or rather, will buy) the Lumia and Asha brands, and they also get to license the Nokia brand for 10 years. "Nokia" will be used for feature phones and smartphones will get Windows/Lumia branding.

pantera9 said,

Yes, they can. They bought (or rather, will buy) the Lumia and Asha brands, and they also get to license the Nokia brand for 10 years. "Nokia" will be used for feature phones and smartphones will get Windows/Lumia branding.

Stop making things up. Do your homework before you come here and start posting BS like you know stuff. Read the TERMS OF THE AGREEMENT here: http://www.microsoft.com/en-us...13/09-02announcementpr.aspx

Third para second line clearly states "Microsoft will acquire the Asha brand and will license the Nokia brand for use with current Nokia mobile phone products."

So no, Microsoft cannot use Lumia name nor can it use Nokia branding on it's smartphones. The Nokia branding is just for feature phones, namely Asha. And that's the reason why the internet is speculating what Microsoft will call its smartphone lineup.

and again. a trojan horse is NOT invited by the board, for the sole purpose of adpting the platform he's hired from on their products.

Congrats to Microsoft. Hopefully the devices won't start to flop after being Microsoft branded, even if they are of the same quality.

I guess they will not change much. The Hardware Microsoft produces has a good quality and nokia and Microsoft were working on those Lumia phones since day one together anyways

spenser.d said,
Hopefully the devices won't start to flop after being Microsoft branded, even if they are of the same quality.

I think Nokia had major issues with Symbian only on software side, but never had issues with their hardware. I mean Lumia series screams performance both on hardware and software so I can assure you that won't happen. as an owner of several Lumia devices, even my old Lumia 900 still screams pick me, its a pity the software didn't get updated to 8 series and got stuck at 7.8. Hopefully that won't happen again because all New devices are NT Kernel based. so they are Up-gradable.

trojan_market said,

I think Nokia had major issues with Symbian only on software side, but never had issues with their hardware. I mean Lumia series screams performance both on hardware and software so I can assure you that won't happen.

Yeah I don't really mean the hardware - I'm talking purely from a brand perspective point of view - "Microsoft" I think still has a negative connotation among many moreso than "Nokia" does so I'm curious if the momentum built up from Nokia Lumias will continue on with Microsoft Lumias even when there isn't a hardware change. I hope it will.

I get your point, people are getting anal these days, anything from Microsoft is naaah and anything from google or apple is cool and go for it. It takes time for people to realize all corporations are the same, whether its MS or Google or Apple. Regardless of brand we should choose product. and Nokia has always had awesome products.

trojan_market said,
I get your point, people are getting anal these days

I think when you say "people" you really mean "Americans". Out here in the rest-of-the-world we listen to you and feel sorry for you being sooooooooo far behind the rest of us. Hope the healthcare thing works out for you too.