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Nokia to buy balance 52% in Symbian

Anand Parthasarathy

BANGALORE: Finland-based handset leader Nokia on Tuesday announced that it planned to acquire the remaining (52 per cent) shareholding of Symbian, the U.S.-based maker of phone operating software that runs most of the world’s smart phones, in a deal worth $410 million. It already owns almost 48 per cent.

The announcement came coincidentally on the tenth birthday of Symbian, whose operating system today fuels over 65 per cent of ‘smart’ phones — that is mobiles that double as Internet devices — as well as some 6 per cent of all hand phones, totalling 206 million phones worldwide.

The move, seen as shrewdly heading off challenges from the other smart phone operating system — Windows Mobile — as well as the software that drives Apple’s iPhone, is also a shot across the bows of Google.

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