On Air Now

Current Show

Coast to Coast AM   12:00 AM - 4:00 AM

Coast to Coast now available for streaming! Listen Live Now!

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1320 AM Sioux Falls, SD 107.9 FM Sioux Falls, SD

Weather

Current Conditions(Sioux Falls,SD 57104)

More Weather »
53° Feels Like: 53°
Wind: SE 17 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Showers 48°

Tomorrow

Showers/Wind 66°

Thurs Night

Scattered Thunderstorms 47°

Nokia shareholders approve sale of handset business to Microsoft

Shareholders attend Nokia's extraordinary general meeting (EGM) in Helsinki November 19, 2013. REUTERS/Antti Aimo-Koivisto/Lehtikuva
Shareholders attend Nokia's extraordinary general meeting (EGM) in Helsinki November 19, 2013. REUTERS/Antti Aimo-Koivisto/Lehtikuva

HELSINKI (Reuters) - Nokia shareholders approved the sale of the company's mobile phone business to Microsoft, deciding the deal's financial benefits outweighed objections by a minority of investors upset by the sale of a Finnish national asset.

An overwhelming majority of shareholders at a meeting in Helsinki on Tuesday supported the deal, according to a final tally of votes. The sale is expected to close in the first quarter of next year after regulatory clearance.

Nokia in September agreed to sell its devices and services business and license its patents to Microsoft for 5.44 billion euros ($7.4 billion) after failing to recover from a late start in smartphones.

(Reporting by Ritsuko Ando and Jussi Rosendahl; editing by Tom Pfeiffer)

Comments