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Monday, April 30, 2012
Nokia could sell luxury Vertu brand to VC firm for $265 million
As much as it'd be interesting to see Windows Phone running on a $21,000 gold-plated cigar lighter, that's probably never going to happen. According to the UK's Financial Times, Nokia has been trying to hive off its luxury Vertu brand for months already, and has finally found a suitor with the right cash / sense ratio. Although still far from a done deal, we're told that venture capitalist firm Permira is willing to contribute up to $265 million to Nokia's needy coffers -- which might sound like a lot, but is mere costume jewelry to a manufacturer that just lost $1.7 billion.
Nokia could sell luxury Vertu brand to VC firm for $265 million originally appeared on Engadget on Mon, 30 Apr 2012 03:04:00 EDT. Please see our terms for use of feeds.
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Sunday, April 29, 2012
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Misfit Wearables, The Startup From Agamatrix?s Founders, Former Apple CEO John Sculley, Raises $7.6M
Google Glass isn't the only game in town. Misfit Wearables, a wearable computing startup from the founding team of mobile health company Agamatrix and former Apple chief executive John Sculley, just raised $7.6 million in a round co-led by Founders Fund. The other notable firm in the deal isn't disclosed, but we hear through a source that it's Khosla Ventures. Misfit isn't saying too much about what it's working on, except to say that the next generation of wearable devices shouldn't compete with fashion, has to be ambient and has to have functions outside of sensing. It has to be the kind of thing a consumer wouldn't need to remember to wear and ideally, it would be something that's so critical that a person would go back home if they left it there.lamarcus aldridge jeremy renner justin timberlake engaged bluefin tuna jonestown john dillinger atlanta hawks
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