Microsoft Sells Feature Phone Unit For $350 Million

By Sara SjolinMarketsMarketWatch 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.

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