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Nokia buys out Samsung’s Symbian shares on road to Symbian Foundation

By: , IntoMobile
Wednesday, September 3rd, 2008 at 2:39 PM

Nokia’s road to establishing an open-source Symbian Foundation has just been cemented with Samsung’s reported acceptance of Nokia’s offer to buy-out Samsung’s shares in Symbian. Samsung is the last remaining share-holder in Symbian that stands between Nokia and their Symbian Foundation initiative. With their offer accepted by Samsung, Nokia will have ownership rights to the entire Symbian code-base, setting up the Finnish cellphone manufacturer to hand over the code-base to an open-source Symbian organization, the Symbian Foundation, that will allow any and all developers to jump on board the Symbian-ship.

Symbian Foundation

With mounting pressure from Windows Mobile, the iPhone OS, and of course Google’s Android, Nokia’s move to bring Symbian to the open-source table is logical. Nokia will have put up about $410 million to buy out all Symbian shareholders, which is no small amount. So it’s clear that Nokia is going to be backing Symbian for the foreseeable future.

[Via: EETimes]

About The Author

Will Park

Will hails from The City of Angels - Los Angeles, California. He spends his time playing with his numerous gadgets and looking forward to seeing what future holds for mobile technology. An avid promoter of a fully "digital" life, he promotes the widespread adoption of truly mobile, paper-less living. He dreams of the day when he can go completely digital. No more snail mail, paper receipts, bound books, notepads/spiral notebooks, credit cards, hard currency. He's a digital warrior - fighting for the converged life. He is an idealist and a realist - he has a perfect view of what the world should be but knows that the world is not perfect. Can we ever hope to see Will's dream become reality? We'll see...

  • Chad

    go nokia!!!! Symbian rocks!!!.

  • Zak

    Symbian indeed rocks.. however, it kinda sucks.

    I didn’t know SE had lost it’s Symbian shares and now Samsung too???!?!? This is just going to mean Samsung and SE phones will cost more when running on Symbian.

    Disappointing.. :(