The Nokia name will continue to live on, just perhaps not under Microsoft.
Microsoft agreed to sell off its low-end phone unit as part of a $350 million deal announced Wednesday. That's a fraction of Microsoft's $7.2 billion acquisition of Nokia's devices and services businesses in 2014. That deal turned out to be a disaster and was followed by thousands of layoffs, Windows-based smartphones that didn't sell, write downs and now this sale.
Check back tomorrow for our wrap-up of the Google I/O conference, which kicks off today.
The 3:59 gives you bite-size news and analysis about the top stories of the day, brought to you by CNET Executive Editor Roger Cheng, Senior Writer Ben Fox Rubin and Producer Bryan VanGelder.
Microsoft's Nokia deal just keeps getting uglier (The 3:59, Ep. 47)