Microsoft selling feature phone business

by Volker Weber

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REDMOND, Wash. - May 18, 2016 - Microsoft Corp. on Wednesday announced it reached an agreement to sell the company’s entry-level feature phone assets to FIH Mobile Ltd., a subsidiary of Hon Hai/Foxconn Technology Group, and HMD Global, Oy for $350 million.

There is a little bit more to it than you would take at face value. The clue is "Oy". HMD Global is a new Finnish company and there are ex-Nokia people behind it. When the dust has settled, Microsoft is left with Windows Phone and Nokia comes back with Android.

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Comments

I forgot these still existed. The last time I held one (maybe not one of those in the image) - I was impressed with the build quality.

Ian Bradbury, 2016-05-18

HMD also got the rights to the smartphone part of the brand from Nokia.

http://company.nokia.com/en/news/press-releases/2016/05/18/nokia-signs-strategic-brand-and-intellectual-property-licensing-agreement-enabling-hmd-global-to-create-new-generation-of-nokia-branded-mobile-phones-and-tablets

Jochen Schug, 2016-05-18

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