Microsoft sells feature phone unit for $350 million with 4,500 workers transferred to the new owners

foxconn.com.tr
Factory workers – foxconn.com.tr

Marketwatch –

Microsoft Corp. is selling its entry-level feature phone assets to FIH Mobile and HMD Global for $350 million, the U.S. tech giant said early Wednesday. As part of the deal, FIH Mobile – a subsidiary of Hon Hai/Foxconn Technology Co – will also buy Microsoft Mobile Vietnam, which is the company’s manufacturing facility in Hanoi. Microsoft said about 4,500 workers will transfer to FIH Mobile or HMG Global.

This is still a developing story.

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