Microsoft selling feature phone division and Nokia rights to Foxconn for $350 million
Redmond will continue to support Lumia, it says

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It looks like the rumors have come true and Microsoft is selling the part of its mobile business that deals with feature phones. Microsoft is reportedly selling this division to Foxconn’s FIH Mobile for $350 million. The company is also selling its Microsoft Mobile Vietnam arm as part of the same deal. In total 4,500 employees will be switching to Foxconn.

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