Report: NSN In Stake Talks
The report suggests that firms such as Bain Capital , Kohlberg Kravis Roberts & Co. (KKR) , Silver Lake Partners , The Blackstone Group , and TPG Ventures are in talks about buying a one-third stake in the vendor. Currently, Nokia Corp. (NYSE: NOK) and Siemens AG (NYSE: SI; Frankfurt: SIE) each own a 50 percent stake.
NSN, which has just revised its outlook for 2010 and announced its second-quarter results, is set to buy Motorola Inc. (NYSE: MOT)'s wireless infrastructure business for $1.2 billion, so it could do with a cash injection. (See NSN's 2010 Confidence Slips, NSN & Moto: It's All in the Execution , and NSN to Buy Moto's Wireless Biz for $1.2B .)
— Ray Le Maistre, International Managing Editor, Light Reading