Samsung agrees to sell Symbian stake to Nokia

By Dawn Kawamoto, CNET News.com
Friday, September 05, 2008 07:02 AM

Samsung Electronics has agreed to sell its investment stake in Symbian to mobile phone maker Nokia, according to a Reuters report.

In June, Nokia announced plans to acquire the remaining stake in smartphone software developer Symbian that it did not already own. Nokia, by having full ownership of Symbian, wants to beat back the competition from Apple's iPhone and other competitors by accelerating its product development and serve as an open source operating system platform for other handset makers, wireless carriers, and software developers.

Nokia, according to the Reuters report on Tuesday, will pay US$410 million for its Symbian stake.

This article was first published as a blog on CNET News.com.


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