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Microsoft To Sell Feature Phone Business To Foxconn Subsidiary, Hmd Global

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy Omniscient Member

Ron Burgundy

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File photo of a Microsoft logo on an office building in New York(Reuters) - Microsoft Corp said it is selling its entry-level feature phone assets to FIH Mobile Ltd and HMD Global Oy for $350 million. FIH Mobile, a subsidiary of Hon Hai/Foxconn Technology Co Ltd , would also acquire Microsoft Mobile Vietnam as a part of this deal, Microsoft said. The company said its 4,500 employees from Vietnam will transfer to or will have an opportunity to join FIH Mobile or HMD Global Oy.




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