Samsung accepts Nokia's Symbian buy-out

Samsung Electronics has accepted Nokia's offer to buy out its stake in software firm Symbian, and Nokia now has acceptances from all Symbian shareholders to sell their shares, a Reuters report said.

'They have accepted it,' Nokia spokesman said referring to the buyout offer.

Nokia said in June it would buy out other shareholders of UK-based smartphone software maker Symbian for €315 million (US$410 million) and make its software royalty-free to other phone makers in response to new rivals such as Google, the Reuters report said.

Nokia will contribute Symbian's assets to the not-for-profit organization, Symbian Foundation, in which it would unite with leading handset makers, network operators and communications chipmakers to create an open-source platform.