Microsoft Sells Feature Phone Unit For $350 Million

By Markets MarketWatch Pulse

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.

Continue Reading Below

Copyright © 2016 MarketWatch, Inc.