Microsoft offloads Nokia feature phone business to Foxconn for $350M

{rss:content:encoded} Microsoft offloads Nokia feature phone business to Foxconn for $350M http://ift.tt/1Xza7KE http://ift.tt/1WCppzc May 18, 2016 at 12:40PM  Microsoft is selling the feature phone business it acquired from Nokia back in 2013 to a subsidiary of Chinese manufacturer Foxconn for $350 million, it announced today. At the same time former owner Nokia said it has inked a deal to license its brand to HMD Global, a new Finnish company run by ex-Nokia and Microsoft devices staff, to “create a new generation of Nokia-branded mobile… Read More