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Old 06-24-2008, 07:59 PM
Nikos Kartalis's Avatar
Nikos Kartalis Nikos Kartalis is offline
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Thumbs up Nokia to buy Symbian - S60, UIQ and MOAP to merge into one platform



We have some HUGE news today as the leader in the mobile market, Finnish Nokia, it has launched a cash offer to acquire all of the shares of Symbian Limited that Nokia does not already own, at a price of EUR 3.647 per share. Nokia currently owns 47.9% of Symbian and the approximately rest of 52% of Symbian Limited shares it does not already own will cost about 264 million Euros.

Nokia has received irrevocable undertakings from Sony Ericsson, Ericsson, Panasonic, and Siemens to accept the offer, representing approximately 91% of the Symbian shares subject to the offer. Nokia also expects Samsung to accept the offer.

The acquisition is a fundamental step in the establishment of the Symbian Foundation, announced today by Nokia, together with AT&T, LG Electronics, Motorola, NTT DOCOMO, Samsung, Sony Ericsson, STMicroelectronics, Texas Instruments and Vodafone.

Also Nokia, Sony Ericsson, Motorola and NTT DOCOMO announced today their intent to unite Symbian OS based, S60, UIQ and MOAP(S) platforms to create one open mobile software platform. That means in the near future Symbian will only be one platform, one GUI one framework! Finally.

"This is a significant milestone in our software strategy" said Olli-Pekka Kallasvuo, CEO of Nokia. "Symbian is already the leading open platform for mobile devices. Through this acquisition and the establishment of the Symbian Foundation, it will undisputedly be the most attractive platform for mobile innovation. This will drive the development of new and compelling, web-enabled applications to delight a new generation of consumers."

"The wide support for this initiative, uniting the industry around the Symbian platform, reflects the strong gravitational pull it has for application developers and other ecosystem players. We will drive efficient, open innovation by unifying the platform and simplifying the software supply chain, leveraging our experience from mobile devices. Nokia is strongly positioned to realize the benefits of open innovation, as well as accelerating time to market, enabling us to meet and exceed consumer expectations for leading converged devices and experiences", Kallasvuo continued.

"Ten years ago, Symbian was established by far sighted players to offer an advanced open operating system and software skills to the whole mobile industry", said Nigel Clifford, CEO of Symbian. "Our vision is to become the most widely used software platform on the planet and indeed today Symbian OS leads its market by any measure. Today's announcement is a bold new step to achieve that vision by embracing a complete and proven platform, offered in an open way, designed to stimulate innovation which is at the heart of everything we do."


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