Nokia has announced that it plans to acquire the 52 percent of mobile software specialist Symbian that it does not already own, in a deal valued at approximately 264 million euros. Nokia already owns 48 percent of Symbian, maker of a widely used operating system for mobile phones. It has now extended a cash offer for the Symbian shares not already in its hands at a price of 3.647 euros per share.
This is considered as a strategic move as the market leader on global mobile sales has decided to take on new challenges to strengthen their position, particularly against blackberry, iphone and the upcoming Google Android.
Most other stakeholders in Symbian such as Ericsson, Sony Ericsson, Panasonic, and Siemens have already accepted the offer, and Samsung Electronics is expected to accept it as well, Nokia said.