Nokia Divests Vertu and Acquires Scalado
Jun 14, 2012, 7:26 AM by Eric M. Zeman
As part of its new strategic direction, Nokia today announced that it has divested the majority of its stake in Vertu, its luxury phone business. Nokia sold Vertu to a private equity firm called EQT VI, which is based in Northern Europe. Terms of the deal were not disclosed, and the acquisition is expected to be completed by mid-year. Nokia believes this is the right step for its Vertu business and for its core cell phone business. Nokia retains a 10% minority share in the company. Additionally, Nokia also announced that it has acquired developers, technologies, and intellectual property for imaging from Scalado. The two companies have worked together for more than 10 years. Nokia has long focused on providing the best possible camera experience in its smart devices, and this acquisition should help it in those pursuits. Terms of the acquisition were not made public. The deal should close by the end of the third quarter.
Feb 9, 2022
Samsung today announced its lineup of flagship phones for 2022: the Galaxy S22 series. The top-end S22 Ultra sees the biggest changes as it essentially absorbs Samsung's Note series with an integrated S Pen stylus and a more Note-like shape and design, instead of the Contour Cut design of the other models.
Sep 7, 2022
Apple has revealed the iPhone 14 series, with new features, improved specs, and new size options. In place of a Mini option, the iPhone 14 will come in the same 6.1-inch and 6.7-inch screen size options as the Pro models.
Jan 14, 2021
Samsung today officially unveiled its Galaxy S21 series of flagship phones for 2021. All three models sport a distinctive new "Contour Cut Camera" design where the metal frame extends around one corner to surround the rear cameras.
Mar 23, 2021
OnePlus today announced the OnePlus 9 and OnePlus 9 Pro, its newest flagship phones. The 9 Pro is a true flagship-class phone with a QHD AMOLED display with variable refresh from 1 to 120 Hz, and IP68 water rating, starting at $969.