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Nokia to buy all of Symbian
June 25, 2008 — 6:33am ET | By Paul Mah
Nokia has announced that it will offer to acquire the remaining 52 percent of Symbian Limited. Control of Symbian Limited, a software company formed to develop and license the Symbian OS, effectively gives Nokia sole control of the market-leading operating system for mobile devices.
Already, irrevocable undertakings have been secured from most of the other key owners--representing 91 percent of non-Nokia shares. Post-acquisition, Nokia intends to establish the Symbian Foundation, which will be instrumental to move the Symbian platform to open source over the next two years. You can read the press release announcing the Symbian Foundation here (pdf).
For
more on Nokia's Symbian acquisition:
-
check out this MobileMonday blog
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