Nokia To Accquire Symbian

As you may already know Nokia currently holds the controlling interest in Symbian, however not satisfied with that they are going to acquire a full 100%. The net cash outlay from Nokia to purchase the approximately 52% of Symbian Limited shares it does not already own will be approximately EUR 264 million.

But they don’t really want it for themselves but to create an open platform. In this direction, the Symbian Foundation, was announced today by Nokia, along with AT&T, LG Electronics, Motorola, NTT DOCOMO, Samsung, Sony Ericsson, STMicroelectronics, Texas Instruments and Vodafone.

Nokia press releases here and here.