Vertu, the luxury Phone maker, makes expensive devices for the tycoons of the world which are being adorned with all sorts of rare leather breed. It usually has the version of Android which is outdated and can never be upgraded.

The company was initially found and owned by Nokia. Later it was acquired by Swedish Equity Fund in 2015. Shortly after a Chinese fund acquired the job it does. Vertu, thus, getting into many hands is again getting into the hands of exiled Turkish Mogal Hakan Uzan. Uzan has paid £50 ($61) million to acquire Vertu, while its headquarters will stay in UK. An official of Mr. Uzan said:

“Vertu is a powerful brand with an acknowledged market niche. I look forward to working with the team and providing the investment to enable Vertu to realize its full potential.”

Vertu has successfully sold 450,000 phones with the average selling price of $6,000 / phone. The company’s most expensive phones cost up to £40,000 currently. This is insane to buy phone at this price.