Nokia to Up Symbian Stake to 100%, Then Open it Up

Oooooh Android. Things are not going well for you lately. First the Wall Street Journal reports that your release has been delayed and now Symbian, the most popular Smartphone Operating System in the world, will be opening up. Open?!? That was totally your thing! Well maybe not It’s ok, don’t worry; you’ve still got the Google juice going for you. Nokia has made a few major announcements this morning with regards to the heavyweight title holder that is Symbian. First and foremost, 48% ownership is not going to cut it anymore. Nokia will soon pony up €264 million ($412 million at today’s exchange rate) for the remaining 52% of Symbian to become the sole owner. Then what? Nokia has also announced the formation of a new organization: the Symbian Foundation. Foundation members currently include AT&T (huh?), LG Electronics, Motorola, NTT DOCOMO, Samsung, Sony Ericsson, STMicroelectronics, Texas Instruments, Vodafone, and more. The foundation will be the backbone of efforts with regards to creating “the most proven, open and complete mobile software platform – available for free”. The acquisition of Symbian is expected to be completed in Q4 of this year and it will likely be at least another year or so before we see the tree bear some fruit. We can’t wait.

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