Mobile Makers Team Up To Create Symbian Foundation (UK)Nokia Corp., Sony Ericsson, Motorola Corp. (MOT) and NTT DOCOMO Inc. said Tuesday they will create an open mobile software platform based around the Symbian operating system and the S60, UIQ and MOAP technologies.
Together with other companies including AT&T and LG Electronics, they intend to establish the non-profit Symbian Foundation, with membership open to all organizations, in order to drive innovation in mobile services.
Shareholders and managers of U.K.-based Symbian Limited, which develops the Symbian operating system for mobile devices, support the initiative.
To enable the creation of the foundation, Nokia said it has launched an EUR3.647 a share cash offer for the 52% of shares in Symbian Limited which it does not already own, equating to a net cash outlay of around EUR264 million.
Nokia expects the transaction to complete during the fourth quarter, subject to regulatory approval, after which all Symbian employees will transfer to Nokia.
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