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Microsoft is selling its feature phone business to Foxconn for $350 million

Discussion in 'Microsoft News' started by Tom Warren, May 18, 2016.

  1. Tom Warren

    Tom Warren Guest

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    Microsoft is selling its feature phone business to FIH Mobile, a subsidiary of Foxconn, for $350 million. The deal will see 4,500 employees transfer over to Foxconn's subsidiary, and Microsoft handing over the rights to use the Nokia brand, feature phone software, services, and other contracts and supply agreements.

    This deal will only affect Microsoft's feature phone business, which is currently still using the Nokia brand for basic phones. Microsoft says it will continue to develop Windows 10 Mobile and support Lumia phones and Windows Phone devices from partners like Acer, Alcatel, HP, Trinity and VAIO.

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