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Microsoft has sold its featurephone business to Foxconn

James CookMay 18, 2016, 14:40 IST

Microsoft CEO Satya Nadella.ChinaFotoPress via Getty Images

Microsoft is reportedly selling its featurephone business to manufacturing company Foxconn, The Verge reports.

The deal, which is reportedly worth $350 million (£242 million,) will give Foxconn company FIH Mobile the right to use the Nokia brand, and 4,500 employees will also work for the new company.

This story is developing...

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