Nokia today announced 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. The net cash outlay from Nokia to purchase the approximately 52% of Symbian Limited shares it does not already own will be approximately EUR 264 million.
Nokia has received undertakings from Sony Ericsson, Telefonaktiebolaget LM Ericsson (publ), 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 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.
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Nokia Buys The Rest of Symbian
By: Tech2.com News Staff
| Jun 24, 2008
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..I dont think its a wise decision ... ..thwy shud have @least waited for the Android platform to launch ... see whats the response .. and then take their next step ....
...who knows .. Symbian maybe discarded in the future .. and Android maybe there in every fone .........
A3dfr @ Jun 26, 2008
taking sybian is not that the phones wont hung aziz merchant @ Jun 24, 2008
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