Home » Uncategorized » Over 99% of Nokia Shareholders Approve Microsoft Acquisition
131119-nokia

Over 99% of Nokia Shareholders Approve Microsoft Acquisition

131119-nokia
This shouldn’t come as all that much of a surprise. Following the announcement that Microsoft would buy Nokia for $7.2 billion, we have now received word that Nokia shareholders have indeed approved the deal and the acquisition will go through as planned. And it’s not like just a small majority of Nokia shareholders gave the thumbs up; a solid 99.7 percent of the shareholders voted in favor of the deal.

So, with Nokia falling under the Microsoft umbrella, what does this mean moving forward? First, former Nokia CEO Stephen Elop will return to Microsoft. He’s reportedly vying for the Microsoft CEO job left vacant by Steve Ballmer. The Nokia brand will stay with Nokia, but Microsoft will acquire the Lumia brand for Windows Phone devices.

The fit is a natural one. Microsoft budied up with Nokia back in 2011 when the latter decided it was going to go full steam with the Windows Phone platform. That partnership has yielded some fruit and Nokia quickly became the dominant Windows Phone producer, far outselling the offers from companies like Samsung in that category. It’s still a distant third, compared to iOS and Android, but it’s getting there.

About Michael Kwan

A freelance writer and tech geek from Vancouver. Find me at michaelkwan.com and follow me on Twitter @michaelkwan.

Check Also

wii-oculus-rift-hoverboard

Try Oculus Rift And Wii To Roam Around On The Back To The Future Hoverboard

Check out how you can fly in virtual space by using an Oculus Rift and a Wii Balance Board.

131129-amz

Amazon Appstore for Android Holiday Deals, Including Free Apps

There are tons of deals from the Amazon Appstore that will be offered starting now and throughout the holiday shopping season. They say that they will have "hundreds of titles that are eitehr free... or available between 50-90% off" the regular price.

131129-google

Black Friday: Google Play Store Apps, Games and Content on Sale All Weekend

Case in point, if you head over to the Google Play Store right now, you'll find that Google is celebrating all Cyber Weekend with discounts on all sorts of content. This includes many popular apps and games

131129-gtab

Black Friday Deal: Samsung Galaxy Tab 3 10.1-Inch for $100 Off

Did you manage to score any epic Black Friday deals this morning? Are you still ...

131128-diy

Arduino Co-Creator Releases Plans for $200 DIY Mobile Phone

Mellis was one of the people who came up with the now hugely popular Arduino platform and now he has come up with plans for people to build their own cell phone for about $200 in parts.

131128-apple

No Discounts for Apple Black Friday, Just Free Gift Cards

If you were hoping to save yourself some cash as you brave the Black Friday shopping crowds, you'll want to go somewhere other than the official Apple Stores.