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Microsoft Announces Sale Of Feature Phone Business To A Foxconn Subsidiary
Wednesday, May 18, 2016 - 8:22am | 164Microsoft Corporation (NASDAQ: MSFT) announced on Wednesday it has reached an agreement to sell its entry-level feature phone assets to FIH Mobile, a subsidiary of Foxconn Technology Group and HMD Global, Oy for $350 million. Microsoft also noted that the deal includes the sale of its Microsoft...