Nokia shareholders vote on Microsoft acquisition (Update: results are in)

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Update: Yahoo reports that the shareholders have voted and the deal has been approved “almost unanimously” with 99.7% of votes.

Nokia shareholders are expected to cast their vote today regarding Microsoft acquisition of the company’s Devices and Services division. Reuters reports that the financial benefits of the deal will likely silence shareholders in a minority which oppose the acquisition and would like to see the Finnish icon continue to stand on its own feet.

On September 3, both Nokia and Microsoft announced the acquisition and parts of the deal which will cost Microsoft 3.79 billion Euros. 1.65 billion Euros will be paid in addition by Microsoft for Nokia’s patent portfolio, making the total cost of the agreement 5.44-billion Euros (around $7.17 billion). If approved by shareholders as well as regulatory forums, the deal could be finalized in the first quarter of 2014.

Source: Reuters, Yahoo

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