Looking to strengthen its balance sheet in the face of growing losses and debt rating...
Sunday, April 29, 2012, 10:59 PM ETLooking to strengthen its balance sheet in the face of growing losses and debt rating downgrades, Nokia (NOK) is in advanced talks to sell its Vertu luxury phone brand to P-E firm Permira for ~€200M ($264M), the Financial Times reports. Vertu, known for extravagant models such as its $88K Diamond phone, is estimated to have annual sales of €200M-€300M. (also)
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