Android Affect : Nokia to buy Symbian
Finnish mobile phone giant Nokia is paying 264m euros ($410m; £209m) to buy out the other shareholders in handset software firm Symbian.
Nokia, which already owns 48% of the UK-based firm, intends to develop its software to compete with Google’s planned Android operating system.
Nokia said Sony Ericsson, Ericsson, Panasonic and Siemens had agreed to sell their stakes in Symbian. It added that Samsung was also expected to accept the offer.
For its part, Symbian said the takeover was “a fundamental step” in the establishment of the Symbian Foundation, which is expected to start operating in the first half of 2009.
The foundation will bring together Nokia, AT&T, LG, Motorola, NTT Docomo, Samsung, Sony Ericsson, STMicroelectronics, Texas Instruments and Vodafone in collaboration on a new, royalty-free open software platform for mobile phones.
The news comes one day after reports that Google’s Android platform for mobile phones had suffered delays.
Source : Nokia in full buy-out of Symbian
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