Thursday, June 14, 2012

Nokia selling Vertu to EQT VI, it's sad seeing it go

Nokia selling Vertu to EQT VI, it's sad seeing it go

Today Nokia announced that EQT VI (an investment fund that's part of a private equity group in Northern Europe) is ready to acquire Vertu for unannounced amount. Founded by Nokia in 1998 and headquartered in the UK, Vertu currently employs around 1,000 people worldwide. It has steadily seen constant growth these past years and it's the undisputed leader in the luxury phone segment.
EQT VI will actually be acquiring 90% of the company's stock, with the other 10% remaining Nokia's.

GSM Arena, Nokia selling Vertu to EQT VI, it's sad seeing it go

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