STOCKHOLM — Ericsson (NASDAQ:ERIC) announced today that the company has decided to accept Nokia’s cash offer to acquire all of the Symbian Limited shares that Nokia does not already own. Ericsson owns 15.6% of the shares in Symbian Limited.

Symbian Limited, the software company that develops and licenses Symbian OS(TM), which is the market-leading open operating system for mobile devices, was co-founded by Ericsson in 1998. As Ericsson no longer manufactures mobile phones the shareholding in the company is not strategic for Ericsson.

Nokia’s acquisition of the shares in Symbian is subject to approvals from relevant competition authorities and is expected to be completed during the second half of 2008.

Ericsson AB (Nasdaq: ERIC)

This entry was posted on Saturday, March 28th, 2009 at 8:28 pm and is filed under Mobile Operating Systems. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.