Nokia shareholders approve sale of handset business to Microsoft

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. 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.

via Tech News Headlines - Yahoo! News http://news.yahoo.com/nokia-shareholders-set-approve-microsoft-deal-150220220--finance.html