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Nokia, Siemens Plan $2B JV Stake Sale

Nokia and Siemens are planning to sell a controlling stake in their joint venture.

Nokia and Siemens are planning to sell a controlling stake in their joint venture, The Wall Street Journal reports. The duo may sell around a 51% stake in Nokia Siemens Networks, which could be valued at around $2 billion.

The Finnish company has held discussions with buyout firms, including Gores Group, KKR, TPG and Blackstone Group, about selling a stake of up to 30% for $1 billion. Nokia and Siemens are committed to the joint venture until 2013.

Click here for the story from The Wall Street Journal.

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