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Nokia to Pay Psion $242 Million for Control of Software Firm Symbian

Authored by Mark Hefflinger on February 9, 2004 - 10:11am.
Helsinki -- Finnish mobile phone giant Nokia announced on Monday that it has taken control of mobile software company Symbian, after agreeing to pay U.K. handheld-computer company Psion about $242 million for its stake in the company. Once completed, the deal will see Nokia's share in Symbian jump to 63%. Industry experts say many of Symbian's minority shareholders -- including Ericsson, Samsung, Siemens, Panasonic and Sony, among others -- will now have to decide whether or not they can live under Nokia's control. Symbian is the operating system used to power phones and other products made by Nokia and others.
tags: Software | Nokia | Symbian | Psion |