Mobile phone giant Nokia currently sells about 40% of all phones sold
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
DailyTech reported today that handsets based on Google Android are
to launch in late 2008 or early 2009.