Due to weak performance, Siemens is selling its mobile phones unit to Taiwan's largest mobile phone maker, BenQ Corp. As part of the deal, BenQ takes over Siemens' mobile phone unit, and Siemens will have a 2.5% stake in BenQ. The price of the sale has not been announced, but Siemens said it would pay $429.9 million in pretax charges. The 2.5% stake that Siemens will have in BenQ is worth about $61.4 million. Under the agreement, the Siemens brand will remain on the phones for the next five years.
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