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.