British luxury smartphone maker Vertu has been dealing with financial woes as of late, but it looked like the company might be able to pull out of its death spiral following an acquisition by Turkish businessman Murat Hakan Uzan. Vertu's new owner has apparently realized how hard it is to sell phones that cost tens of thousands of dollars. After trying and failing to settle the company's debts, Uzan is throwing in the towel. Vertu is closing up shop.
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