Nokia To Sell Vertu For $265 Million

Posted: Apr 30 2012, 8:45am CDT | by , in Rumors | Mobile Phones

Nokia to sell Vertu for $265 million

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Nokia is supposed to sell its luxury phone company Vertu to a private equity firm.

Nokia can use each dollar. According to the Financial Times, Nokia is in advanced talks to sell Vertu to Permira, a private equity group. The information is not official and sourced from people familiar with the matter. It makes though sense for Nokia to streamline its business.Phones encrusted with diamonds, but outdated technology are just a niche business.

Via Reuters.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
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