Tuesday, May 8, 2012

Nokia in Talks to Unload Luxury Vertu Brand

Evidently, there's a lot of life left yet in the market for $20,000 gold-encrusted Symbian handsets -- Nokia may have found a willing buyer for its luxury handset subsidiary Vertu. The Financial Times reports that the struggling Finnish mobile phone maker is mulling a deal that would see it sell the world?s most expensive mobile phone brand to private equity firm Permira for about $265 million.

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