Nokia Set to Completely Own Symbian Limited

Nokia Set to Completely Own Symbian Limited


Of all the smartphone operating systems out there, Symbian is the silent leader. We hear about Windows Mobile and the Mac OS X-based iPhone intrface, but the platform that powers the vast majority of smartphones on the market is Symbian. We find it in phones by Sony Ericsson, Samsung, Nokia, and several others.

Nokia already had quite a huge invested interest in Symbian Limited before this announcement, but now the Finnish firm has launched a cash offer wherein it would acquire all the remaining shares that Nokia does not already own. Nokia will be buying these shares at a price of 3.647 Euro each, adding up to a total cash layout of 264 million Euro.

After completely buying out Symbian Limited (the software company that develops and licenses Symbian OS), Nokia can now set out to establish the Symbian Foundation alongside AT&T, LG Electronics, Motorola, NTT DoCoMo, Samsung, Sony Ericsson, STMicroelectronics, Texas Instruments and Vodafone. They will work together to develop and promote the Symbian platform.