Nokia shareholders to vote Tuesday on Microsoft purchase

Nokia shareholders to vote Tuesday on Microsoft purchase
Nokia shareholders are expected to vote Tuesday on whether to allow the Finnish based manufacturer to sell its handset business to Microsoft. Back in September, Microsoft agreed to buy Nokia's devices and services business and license its patents for $7.36 billion. While Nokia shareholders will have to agree to the deal, U.S. regulatory agencies like the FCC and the DOJ will also have to approve the transaction.

The deal is expected to close in the first quarter of 2014, but before that happens, there is Tuesday's voting which will take place after shareholders get to speak their mind about the transaction. Not all Nokia stockholders are in favor of the deal and those who want to express their dissatisfaction will be able to do so tomorrow at Helsinki's Ice Hall Arena, where the voting is going to take place.

One of the big complaints in Finland is that a company seen as a national treasure is being sold. At one time, Nokia accounted for 4% of Finalnd's GDP. Another complaint heard from Nokia stockholders, deals with former CEO Stephen Elop's decision to align Nokia with Microsoft's Windows Phone platform instead of Google's open source Android OS.

source: Reuters

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51 Comments

1. ShenAlJoker

Posts: 113; Member since: Jul 19, 2013

Let nokia be Free!!!!!!!!!!!!!!!!!!!!!!!!!!

25. LiyanaBG

Posts: 381; Member since: Nov 07, 2013

if Nokia accept this deal they will be killing themselves forever. Nokia needs to be international/free they should be able to make all kinds of phones WP or Android or maybe Tizen/other future OS's :)

43. microsoftnokiawin

Posts: 1268; Member since: Mar 30, 2012

agree on all except instead of tizen nokia should support their finnish buddies and support sailfish !!!

49. LiyanaBG

Posts: 381; Member since: Nov 07, 2013

well i mean't all other Os's

28. Arman

Posts: 47; Member since: Jul 08, 2013

please for the love of god.. don't let microsoft ruin this one too.. nokia must make devices for all ecosystems... I want a Highend Android Nokia and a Windows phone midrange one at the same time.. is it that hard ? Nokia is a Strong brand for people like me (28 years old and several years of experience with nokia devices) and Im sure it can live without external help. ditching symbian was a right thing but Windows exclusivity was the worst decision ever. windows is good for low end to midrange(simplicity - performance) and android for high end(sophistication - apps - multi tasking - etc)..

35. akki20892

Posts: 3902; Member since: Feb 04, 2013

Lets hope they don't vote then we will see Nokia Android next year.

2. alpinejason

Posts: 262; Member since: Sep 06, 2011

Please. Please Nokia Don't Do it.you would be sleeping with the devil and besides that Nokia is the best hardware company around soon to be lost in the hands of evil Microsoft please I am begging

3. woodshop20

Posts: 459; Member since: Sep 14, 2013

I really hope Microsoft doesn't buy Nokia. Especially since that Trojan horse Elop is rumoured to be the new CEO. I can't stand the thought of him ruining Microsoft as well.

5. Shatter

Posts: 2036; Member since: May 29, 2013

Microsoft ruined itself years ago.

41. drdaly

Posts: 78; Member since: Nov 09, 2012

Just consider it that way: MS. Did have trojan horse which is "Elope" inside Nokia dicision making, he has been taking wrong dicisions for Nokia intentionally i think to let MS. Get to buy a once successful titan Nokia with low price. Either he's being stupid which i cant accept or, he is corrupted which i see very much logical

4. aryanfr1

Posts: 125; Member since: Jan 24, 2013

Elop was a torjan Horse and when Eldar Mutrazin told the world he was ignored, and now when pathetic elop gigles for making Nokia the next Zune............. I can only say I miss you Nokia and you should had opt for any of your country men rather than any foreigners representating whatsoever County.

6. bugsbunny00

Posts: 2253; Member since: Jun 07, 2013

why not customers vote too?the product used by customers,and theyll vote android and nokia will be the top mobile smartphone.

15. Alex123

Posts: 241; Member since: Oct 17, 2012

Good idea. Customers should be allowed to vote or Phonearena can post article that allows users to vote before the official poll coming so that it can help Nokia shareholders to make a right decision

26. LiyanaBG

Posts: 381; Member since: Nov 07, 2013

Phonearena give us a poll everyone votes and send the poll at the end to Nokia HQ.

37. EgyDroid

Posts: 111; Member since: Oct 10, 2013

Like the phonebloks idea.... we should do it and NOW I really don't want MS to buy nokia It's a legendary company and it would be sad to just vanish like this

46. PBXtech

Posts: 1032; Member since: Oct 21, 2013

Customers vote with their wallets. Unfortunately in this case it might be after the fact.

7. timezone

Posts: 87; Member since: Jun 16, 2013

Evil Microsoft...come on. Google steals peoples personal information and Apple is a cult. Microsoft has been more aligned with the customer. Go Microsoft!!!

39. papss unregistered

I agree.. more idiot fanboys with their goggles on as usual.

8. skuld

Posts: 44; Member since: Jan 10, 2013

a bitter pill to swallow but Nokia is stuck with Microsoft. If only they opted to go with Android right at the get-go, the good company won't be where it is at. It's not too late however.

14. Alex123

Posts: 241; Member since: Oct 17, 2012

Of course, it is not too late for well-known and excellent hardware company like Nokia. You helped WP from Zero to become third biggest OS so why you have to give up??? Give it a try with another OS like Android or iOS and keep WP as your main OS at the time being.

9. timezone

Posts: 87; Member since: Jun 16, 2013

Android is Samsung. Nokia with Android would have been invisible. Going with the windows phone was and is the right move. The gains Nokia has made around the world and starting to show in the US proved they made the right decision.

10. 14545

Posts: 1835; Member since: Nov 22, 2011

Nokia shareholders......JUST SAY NO.

11. julz17ronald

Posts: 52; Member since: Apr 26, 2013

I work for MS however, I feel like Nokia should stand on their own.

12. pookiewood

Posts: 631; Member since: Mar 05, 2012

Oh the MS haters are in full effect on this article. Both companies are great and I'll root for both no matter the decision. MS evil? No more Evil than Google intentionally changing browser settings to spy on their "customers". Remember how ugly Apple treated their customers during antennagate? They ALL, MS included work with the NSA. They are all evil. Pick your poison and stfu!

30. Beijendorf unregistered

Except Nokia isn't an American corporation, and as such can tell the NSA to go shaft themselves since the NSA secret spy orders don't apply to Finnish people.

33. alterecho

Posts: 1106; Member since: Feb 23, 2012

Excellent point.

51. pookiewood

Posts: 631; Member since: Mar 05, 2012

I do see your point but I wasn't really referring to Nokia. I'm calling out the MS haters that want Nokia to go Android.

38. tasior

Posts: 265; Member since: Nov 04, 2012

Yes, MS is no more evil than Google. That's why all Nokia users want it to stand on its own. If google were to buy out Nokia we would complain as well...

50. pookiewood

Posts: 631; Member since: Mar 05, 2012

Don't know you personally but I'm going to go out on a limb here and say if Google bought Nokia some of the people on here would be dancing in the streets.

13. Alex123

Posts: 241; Member since: Oct 17, 2012

Please Nokia reject the deal. We all want you to be independent. The brilliant further is waiting for you. Again, please reject the deal

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