Featured Articles

Broadwell to be faster than Skylake-S in desktop

Broadwell to be faster than Skylake-S in desktop

Intel will do something that it never did before. It will release two processor generations at once in the desktop space.…

More...
ARM’s signs off on 64 bit ARMv8-A

ARM’s signs off on 64 bit ARMv8-A

British chip designer ARM has just signed off its 50th licensing agreement for its ARMv8-A technology, which includes support for 64-bit…

More...
Intel Business vPro market divided into 7 categories

Intel Business vPro market divided into 7 categories

Just a few years ago we had two market segments for business users. We had desktops and notebooks and now Intel…

More...
GTA 5 will make November release

GTA 5 will make November release

While we have continued to hear that Grand Theft Auto V for the Xbox One, PlayStation 4, and PC will not…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 30 April 2012 08:39

Nokia in talks to sell Vertu brand

Written by Fudzilla staff



Looking for a daft billionaire


Nokia is reportedly in advanced talks to sell its Vertu luxury brand to private equity firm Permira.

Rumour has it that there have been other suitors as well, but it seems investors are reluctant to splash as many as €200 million for Vertu. Nokia could sure use the cash. The company’s credit rating has been cut to junk status and the transition to Windows Phone is not going as fast as the company had originally forecasted.

Still, it might not be easy to sell Vertu. At a time when European economies are looking at a long and painful double-dip recession, there does not seem to be much of a market for overpriced tacky phones that make the iPhone look like the bargain of lifetime.

More here.









blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments