Mfarhanonline Social Media News: Nokia is in advanced talks to sell its UK-based luxury brand Vertu to private equity group Permira, the Financial Times reports citing sources familiar with the matter. If the sale goes through, Nokia might raise some €200 million ($265 million). Permira is a European private equity firm which advises funds with a committed capital of approximately €20 billion. Vertu is a luxury brand which sells limited edition devices with prices as high as several hundred thousand dollars. Those $265 million won’t save Nokia, but it will definitely come in handy for the Finnish giant, which recently reported a $1.8 billion loss for Q1 2012. via Financial Times More About: Nokia , Vertu For more Business coverage: Follow Mfarhanonline Business on Twitter Become a Fan on Facebook Subscribe to the Business channel Download our free apps for Android , Mac , iPhone and iPad Social Media reviews series maintain by Mayya
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