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.

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.