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Nokia to buy Symbian in $411M deal; Firm looks to counter Linux, Microsoft, more.
Publication: RCR Wireless News Publication Date: 30-JUN-08 |
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COPYRIGHT 2008 Crain Communications, Inc.
Byline: PHIL CARSON
Nokia Corp. will acquire total ownership of Symbian Ltd., buying out current partners in a deal valued at about $411 million, the company said last week.
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. According to Nokia, the Symbian OS 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...
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