Nokia to buy out rest of Symbian for $410 million, offer it royalty-free "Nokia on Tuesday said it will buy the 52.1% of Symbian it doesn't already own for approximately 264 million euros (US$410 million) in cash and will make the software royalty-free in response to the rising threat of companies like Apple and Google.

Aude Lagorce reports for MarketWatch, "Nokia, which currently owns a 47.9% stake in the company, is buying out the shareholdings of Panasonic, Siemens AG and Ericsson. Nokia also expects Samsung to accept the offer."

"In recent years Symbian has faced rising competition from Microsoft Corp.'s Windows Mobile, Research in Motion and Apple, Inc., who are all making operating systems for complex phones that also work as organizers, e-mail devices and music players," Lagorce reports."

Labels: nokia, symbian

  ¶ posted by Jimmie Geddes, Editor @ 6/24/2008 02:44:00 PM