Samsung accepts Nokia's offer for Symbian buyout

Greg Kumparak

Greg Kumparak is the Mobile Editor at Techcrunch. Greg has been writing for the TechCrunch network since May of 2008. Greg was born just outside of San Jose, and now lives in the East Bay of California. → Learn More

Tuesday, September 2nd, 2008

In preparation for taking Symbian open-source and royalty free for Symbian Foundation partners, Nokia has spent the last few months buying out all of the other shareholders. As of this morning, the job is done; Nokia has announced that the last shareholder involved, Samsung, has accepted their offer.

The cumulative total for all of the buyouts will set Nokia back around $410 million. That’s not exactly well-wishin’ money, but Nokia’s hoping the investment will cement their platform position against the ever increasing pressure of the iPhone, Google Android, and Windows Mobile.

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