Honest 836 Report post Posted June 25, 2008 Nokia to Acquire Symbian Nokia has announced that it is acquiring Symbian, the company behind the Symbian software that is used in several (Nokia) smart phones. Nokia has purchased all available (52 percent) shares of Symbian at a price of EUR 3.647 per share that will result in an approximately EUR 264 million buyout. Nokia said that investors holding approximately 91 percent of Symbian shares, including Sony Ericsson Mobile Communications AB, Sweden's Telefonaktiebolaget LM Ericsson, Panasonic Mobile Communications, and Siemens International Holding BV, have irrevocably agreed to accept its offer. Samsung is expected to get added on to this list. The Symbian acquisition is a fundamental step in the establishment of the 'Symbian Foundation', announced yesterday by Nokia along with AT&T, LG, Motorola, NTT DoCoMo, Samsung, Sony Ericsson, STMicroelectronics, Texas Instruments, and Vodafone. The 'Symbian Foundation' is aimed at creating a unified open mobile software platform, which will eventually lead to innovation and accelerate availability of new services and compelling experiences for consumers and business users around the world. Symbian is already one of the most widely-used mobile platforms. The foundation is expected to start operations during the first half of 2009, subject to closing of Nokia's acquisition of Symbian. Share this post Link to post Share on other sites
Greatest 55 Report post Posted June 25, 2008 this is good news to the consumers..!! Rejoice!! Share this post Link to post Share on other sites
