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Nokia is close to selling luxury brand Vertu for 200 million

30 April 2012
Tags: Nokia

Nokia is close to selling luxury brand Vertu for 200 million

At the end of last year, we informed you that Nokia was looking to sell its Vertu luxury phone branch. Since the company was (and still is) going through a transition phase, selling Vertu would help them raise much needed funds and help focus the company.

Sources from the Financial Times tell us that the Finns found a buyer, and the deal is nearing completion - this mysterious buyer is Permira, a British private equity group, which is willing to make a payment of €200 million ($265 million) for the luxury phone maker.

Obviously, neither sides confirmed the deal, but that's to be expected at this moment of the negotiations.

The same source informed us that EQT is another equity which showed interest in Vertu, but negotiations didn't even make it through faze one.

So, if you were hoping for a WP-powered Vertu handset, this is not the kind of news you wanted to read, but honestly, does all that precious metal and extravaganza even go well with the Microsoft OS?

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