Nokia shareholders are perfectly fine with Microsoft’s acquisition of what used to be the world’s largest phone maker. Of those surveyed, 99.7% agreed with the Microsoft sale, representing around 80% of Nokia’s shares. Some shareholders, on the other hand, were upset but that hasn’t stopped the majority from approving a deal worth around $7.2 billion.
The sale will see the now former Nokia CEO Stephen Elop returning to Microsoft early next year to run an expanded devices and services team. Then, if he gets its way, he may easily end-up at the helm of the world’s largest software company. Though he does face fierce competition for the Redmond giant’s top job.
As I’m writing this, we’re still pondering what will Microsoft do with Nokia’s devices, which include Lumia smartphones, Asha feature phones and an array of low-cost phones. The chances are it will want to sell “non-smart” parts of the business though it’s unclear which company would be interested in those assets. On the other hand, it will likely integrate Lumia division with its Surface business. We will be following this story closely and let you know as soon as we have something new to add. Stay tuned…