Nokia takeover bid for Symbian software firm
Nokia have announced that they will be buying out software firm Symbian for £209m. The mobile phone giant already owns 48% of the UK based firm and intends to buy out the remaining Symbian shareholders.
Symbian produce the Symbian Operating System, which is the leading Smartphone operating system and is featured on over 110 million Smartphone’s worldwide. Nokia plans to develop this software to rival Google’s Android operating system.
Sony Ericsson, Siemens and Panasonic have all agreed to sell their shares in Symbian, with Samsung expected to accept the offer as well. Symbian has welcomed the takeover stating that it was a fundamental step towards establishing Symbian Foundation, which is due to start operating early 2009.
The Symbian Foundation will bring together the top mobile device firms including: Nokia, AT&T, Sony Ericsson, Texas Instruments and Vodafone to work on a new, royalty free open source software platform for Smartphone’s.
The aim is to bring together several existing Smartphone operating systems, Symbian OS, UIQ, S60 and MOAP.
admin | Mobile Phone News, Nokia, Symbian OS