September 4, 2008 8:59 AM PDT

Samsung agrees to sell Symbian stake to Nokia

Samsung Electronics has agreed to sell its investment stake in Symbian to mobile phone maker Nokia, according to a Reuters report.

In June, Nokia announced plans to acquire the remaining stake in smartphone software developer Symbian that it didn't already own. Nokia, by having full ownership of Symbian, wants to beat back the competition from Apple's iPhone and other competitors by accelerating its product development and serve as an open-source operating system platform for other handset makers, wireless carriers, and software developers.

Nokia, according to the Reuters report on Tuesday, will pay $410 million for its Symbian stake.

Dawn Kawamoto covers enterprise security and financial news relating to technology for CNET News. E-mail Dawn.

Topics:: Personal communications

Tags:: Nokia,; Samsung,; Symbian,; smart phones,; open-source

Share:: Digg; Del.icio.us; Reddit; Facebook

Inside CNET News

Scroll Left Scroll Right

The Web Services Report
Google scoops up ex-Microsoftie Don Dodge
Microsoft's former director of business development takes a position at Google, evangelizing their technologies to the developer community.
Gallery
Photos: Random Hacks of Kindness
Digital Noise: Music and Tech
Live-music archive to introduce memberships
Wolfgang's Vault to launch membership model: $48 a year will get you $50 (that's right) in merchandise, along with discounted downloads, and a tour of the company's memorabilia-filled headquarters.
Beyond Binary
Paul Allen diagnosed with cancer
The Microsoft co-founder has non-Hodgkin's lymphoma, according to a memo sent by his sister.
Video
Exploratorium's shocking 40th anniversary kicks off
Digital Media
Senate to disclose findings in Web 'mystery charge' probe
Numerous shoppers have traced mystery credit card charges to Webloyalty, Affinion, and Vertrue. Congress will reveal the results at a hearing Tuesday.
Video
A new workout for the Wii
The Social
Oxford's word of the year? 'Unfriend'
The ubiquitous Digital Age insult, brought into the mainstream with the rise of Facebook, is the dictionary's top term of 2009.
The Space Shot
Shuttle Atlantis takes off on station delivery mission
The shuttle Atlantis rockets into orbit on a three-spacewalk mission to deliver 15 tons of spare parts and other equipment to protect against failures after the shuttle is retired.
Gallery
Photos: Top-rated reviews of the week
The Download Blog
Firefox-syncing Weave updates to beta
Mozilla's homegrown tool for synchronizing Firefox across computers and devices graduates to beta and introduces incremental syncing and a more streamlined, less obtrusive experience.
Green Tech
Solar-power start-up Ausra looks to sell itself
Discussions are at a "very aggressive level" with global conglomerates, source tells Reuters. Sale would add to a string of recent deals and growing consolidation in the solar-power industry.

Samsung agrees to sell Symbian stake to Nokia

Personal communications

Nokia,

Samsung,

Symbian,

smart phones,

open-source

Report offensive content:

E-mail this comment to a friend.

Warning! You will be deleting this comment and all its replies (if applicable).

Most Popular

A CNET Conversation with Eric Schmidt

Verizon tests sending RIAA copyright notices

About Wireless

Wireless topics

Inside CNET News