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Nokia Acquires Symbian To Make Software Royalty Free

     
1:15 pm on Jun 24, 2008 (gmt 0)

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Nokia Acquires Symbian [uk.reuters.com] To Make Software Royalty Free
Nokia will pay $410 million for the remaining shares in UK-based Symbian and make its software royalty-free to boost phone sales and respond to new rivals such as Google.

Symbian's software is used in two-thirds of smartphones -- handsets with computer-like capabilities -- and 6 percent of all mobile phones, but new platforms such as Google's Android and Apple's iPhone could challenge its dominance.