Bloomberg: Microsoft sells off feature phone assets for USD350m
US-based Microsoft Corporation has reached an agreement to sell its entry-level feature phone assets to China-based investment holding company FIH Mobile Ltd. As part of the deal, FIH Mobile Ltd. will also acquire Microsoft Mobile Vietnam, the company’s Hanoi, Vietnam, manufacturing facility. Microsoft will transfer substantially all of its feature phone assets, including brands, software and services, care network and other assets, customer contracts, and critical supply agreements, subject to compliance with local law.