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Samsung accepts Nokia Symbian buy-out offer

Samsung has accepted Nokia’s offer to buy out Samsung’s shares in Symbian, this means Nokia’s road to establishing an open-source Symbian Foundation has just been cemented.

Samsung was the last share holder in Symbian that stood between Nokia and their Symbian Foundation plans. Now that Samsung has accepted, Nokia will own the rights of all Symbian code-base.

This now sets up Nokia to hand over the code-base to the Symbian Foundation which means it will allow any and all developers to jump aboard the good ship Symbian.

Nokia has stumped up a cool $410 million to buy out all Symbian shareholders, so one can be confidant Nokia will be backing Symbian for some time.

Source — EETimes via Intomobile