Nokia Buys Symbian
Nokia, already the world's largest mobile phone maker, decided to strengthen its position on the market. How? Well, since they are already leading the mobile hardware market, they decided to get a good piece of the software cake, and who else could have made a better target than Symbian? Fortunately, there's more than just Symbian when it comes to mobile operating systems. I have nothing against Nokia, even my mobile is one of their phones, but monopoly is not good, so here comes the story...
Nokia is expected to pay about $411 million for the remaining 52% Symbian Limited shares it doesn't have already, and since Sony Ericsson, Ericsson, Panasonic and Siemens already accepted, we can say that Nokia is in control already, because that would be about 91% of the company. Samsung Electronics still has to accept the offer.
According to Dick Komiyama, Sony Ericsson's president, "The complete, consistent platform that the Foundation plans to provide will allow manufacturers to focus on their unique differentiation at a device level. Sony Ericsson believes that the unified Symbian Foundation platform will greatly simplify the world for handset manufacturers, operators and developers, enabling greater innovation in services and applications to the benefit of consumers everywhere."
The transaction is expected to be completed during the fourth quarter, being subject to regulatory approval and customary closing conditions. Once closed, all Symbian employees will be Nokia employees, and the mobile market will probably see another significant player disappearing from the scene...
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader by FeedBurner.
Comments
No comments yet.
Leave a comment