Menu

Daily News for the Geek Mind

Rumor Claims Nokia is Looking to Sell Vertu

May 1 2012, 12:58pm CDT | by , in Rumors | Mobile Phones

Rumor Claims Nokia is Looking to Sell Vertu
Buy Vertu from Amazon Cyber Monday and Black Friday Now

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.

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.

Comments

Share this Story

Follow Us
Follow I4U News on Twitter
Follow I4U News on Facebook

You Might Also Like

Read the Latest from I4U News

Comments

blog comments powered by Disqus

Back to Top | Read the Latest Stories