Nokia Looking to Pawn Its Vertu Luxury Line
Nokia is interested in selling off its U.K.-based Vertu subsidiary, which sells high-end cell phones. According to a report in the Financial Times, Nokia has hired Goldman Sachs to help it fetch top dollar for the cell phone unit, which is valued between $270 and $400 million. The Financial Times says that private equity groups will be the most likely buyers of Vertu, though Nokia has not confirmed the story.
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.
Uber Attempting to Hail HERE Maps with $3B Bid
Uber has submitted a bid to purchase HERE Maps from Nokia for $3 billion, reports the New York Times. The bid is one of several and may not result in a sale, cautioned the Times' unnamed sources.
Nokia Issues Statement On Handset Plans
Nokia today issued a statement reaffirming that it will not manufacture cell phones. "Recent news reports [claim Nokia] communicated an intention to manufacture consumer handsets out of an R&D facility in China.
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.
I would love to own a Vurtu
Next on Pawn Stars
Rick: I'll give ya 50 bucks for it..
Nokia: but...but...but i paid millions for it.
Rick: too bad
Chumlee: I'll buy it!