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Sunday, Apr 29
2012, 10:59 PM
Looking to strengthen its balance sheet in the face of growing losses and debt rating...
Looking 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)