John Paczkowski

Recent Posts by John Paczkowski

Nokia Shareholders to Approve Microsoft Deal

ballmer_elop_phonesNokia’s shareholders have done what everyone expected them to do, approving the sale of the Finnish company’s devices and services business to Microsoft.

At a general meeting in Helsinki Tuesday morning, the gathered investors rubber-stamped the $7.35 billion deal, which will see Microsoft acquire Nokia’s devices and services business and license the company’s mapping services, a move that Microsoft CEO Steve Ballmer characterizes as “a bold step into the future.”

According to the AFP, the deal was almost unanimously approved ahead of today’s meeting, with some 99.7 percent of shareholders who registered voting in favor of it.

The green light from Nokia’s investors marks the end of an era for the company. Once the world’s largest manufacturer of cellphones, Nokia will now evolve into a telecom equipment and services firm.

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Nobody was excited about paying top dollar for a movie about WikiLeaks. A film about the origins of Pets.com would have done better.

— Gitesh Pandya of BoxOfficeGuru.com comments on the dreadful opening weekend box office numbers for “The Fifth Estate.”