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Nokia could sell luxury Vertu brand to VC firm for $265 million (Engadget)
As much as it'd be interesting to see Windows Phone running on a gold-plated cigar lighter, that's probably never going to happen. According to the UK's _Financial Times_, Nokia has been trying to hive off its luxury Vertu brand for months already, and has finally found a suitor with the right cash / sense ratio. Although still far from a done deal, we're told that venture capitalist firm Permira is willing to contribute up to $265 million to Nokia's needy coffers -- which might sound like a lot, but is mere costume jewelry to a manufacturer that just lost $1.7 billion. Nokia could sell luxury Vertu brand to VC firm for $265 million originally appeared on Engadget on Mon, 30 Apr 2012 03:04:00 EDT. Please see our terms for use of feeds. ###### Permalink The Verge | Reuters | Email this | Comments
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