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Nokia already owns 48% of Symbian Ltd.

Mobile phones are a very hot market and smartphones in particular are some of the most popular devices on the market. The biggest growth in the cell phone market is for smartphones and some sources say that 60% of current smartphones currently use the Symbian OS.

Mobile phone giant Nokia currently sells about 40% of all phones sold globally according to eWeek and it owns a 48% share of Symbian Limited. Nokia has made an offer to purchase the remaining outstanding shares of Symbian Ltd. at around $5.67 per share for a deal that will cost Nokia a total of $410 million.

According to News.com, the current Symbian Ltd. shareholders that own the 52% Nokia wants to acquire include Ericsson, Sony Ericsson, Panasonic, Siemens and Samsung.

All shareholders with the exception of Samsung have accepted Nokia’s offer to purchase their shares. Nokia says that it expects Samsung to accept the offer as well. Analysts see the move by Nokia to consolidate the number one smartphone OS with the largest seller of handsets worldwide as a clear indication that Nokia intends to defend its position as the top cell phone maker against the likes of Google and Apple fervently.

Nokia and other electronics makers are also forming a new alliance called the Symbian Foundation to drive the development of the operating system. The Symbian OS will be given to the foundation members free from royalties.

Google’s open source Android OS is a method for the search giant to make money via cell phone advertising. Nokia sees profits coming from ads served to mobile users, not from charging for the OS itself much like Google’s vision for Android.

DailyTech reported today that handsets based on Google Android are being pushed to launch in late 2008 or early 2009.





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