24 Jun
Posted by A.E. Sheriff as BREAKING News, Symbian, Wireless
Nokia Corp. will acquire total ownership of Symbian Ltd., buying out current partners in a deal valued at about $411 million, the company said today.
Nokia said it would combine its own S60 platform with the Symbian platform and provide the results — a single smartphone operating system — without charge to the former owners and other parties joining a new Symbian Foundation, also announced today. According to Nokia, the Symbian OS currently runs on two-thirds of all smartphones worldwide.
The acquisition is seen by analysts as a competitive move to better control development of a single smartphone OS, speed that OS’s time to market and maintain its dominant position among smartphone OSs, thereby meeting the competitive threat from open-source Linux efforts, Apple Inc. and Microsoft Corp., among others.
RCR
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