Monday, 30 April 2012

Nokia could sell luxury Vertu brand to VC firm for $265 million

Nokia could sell luxury Vertu brand to VC firm for $265 million

Around it would be interesting to determine Home windows Phone running on the $21,000 gold-plated cigar lighter, that's most likely not going to happen. Based on the UK's Financial Occasions, Nokia continues to be attempting to hive off its luxury Vertu brand for several weeks already, and it has finally found a suitor using the right cash / sense ratio. Although still not even close to a done deal, we are told that venture capitalist firm Permira would like to lead as much as $265 million to Nokia's desperate coffers -- that might seem just like a lot, but is mere costume jewellery to some manufacturer that simply lost $1.7 billion.

Nokia could sell luxury Vertu brand to VC firm for $265 million initially made an appearance on Engadget on Mon, 30 Apr 2012 03:04:00 EDT. Please visit our terms to be used of feeds.

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