Vertu is one of the few Nokia successes
Rumors are flying the Nokia is looking to sell its luxury handset subsidiary called Vertu. The tip comes from a source that claims to be close to the negotiations. It would be no surprise to see Nokia sell Vertu since the luxury handset maker has been surprisingly popular as Nokia has seen its stock plummet.
Don't Miss: Victoria's Secret Fashion Show 2016
According to the source, the deal is stacking up to be worth about $265 million and the company named as the potential buyer is a private equity group called Permira. Vertu makes phones encrusted with jewels and precious metal that cost is much is $320,000 or more apiece.