The total amount of the transaction amounted to 350 million dollars.
Microsoft has announced the sale of a business push-button phones a subsidiary of the Chinese Foxconn company FIH Mobile, the Finnish and Global HMD. This is stated in the message of the Corporation.
These companies will be transferred to brands, including Nokia, software, servers, and service network. In addition, new employers will switch 4,500 employees.
The total amount of the transaction amounted to 350 million dollars. It is expected that it will close in the second half of 2016.
While Microsoft continues to develop Windows 10 Mobile and support the Lumia phones such as Lumia 650, Lumia 950 and Lumia 950 XL. The company also will continue to work with manufacturing partners such as Acer, Alcatel, HP, VAIO and Trinity.
