Nokia Losing the Bling
According to the Financial Times, Nokia has hired Goldman Sachs to help it sell its Vertu luxury-phone business. Private equity group Permira, which has investments in other luxury brands, is rumored to be close to buying, for about $265 million.
Vertu to Close Up Shop
Vertu is through. The company plans to shutter its doors and jettison some 200 employees, according to the Financial Times.
New Nokia Phones One Step Closer to Reality
HMD Global has hired a former Nokia executive to help kickstart its phone ambitions. HMD Global is a Finnish company that licensed the Nokia name with the intent of making Nokia-branded smartphones.
Nokia Weighing Whether Withings-Based Health Biz Still Worth It
Nokia today said it is weighing strategic options for its Digital Health business. Nokia acquired wearable-maker Withings in 2016 and used that as the basis of its Digital Health business, with is part of the Nokia Technologies group.
Nokia and Samsung Settle Patent Licensing Deal
Nokia today said it has reached an agreement with Samsung over the licensing of its wireless patents. The companies have been disputing the value of Nokia's patents since Nokia sold its handset division to Microsoft.