French VC Firm Sofinnova Buys Struggling Handset Manufactuer Sagem For $340 Million
Jul 31, 2008 6:41 PM
French venture capital firm Sofinnova Ventures has purchased handset manufacturer Sagem for $340 million, reports Mobile News. Safran, the parent company of Sagem that saw profits tumble 27 percent during the first half of the year, will retain a 10 percent stake in the business following the $340 million in…
Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Venture Capital, Companies, Sony, Sony Ericsson, Vodafone, sagem, sofinnova ventures
Android Apps (Paid)
Social Standing
Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?
Show Me: