September 3, 2008
Nokia Completes Purchase Hot Stocks
Samsung Electronics accepted Nokia's offer to buy out its stake in Symbian, a software firm, giving Nokia agreements from all Symbian shareholders to sell their shares, Nokia announced.
Nokia said in June that it would spend $410 million to buy out other shareholders of Symbian, a maker of smartphone software based in Britain, and make its software royalty-free to other phone makers in response to new rivals like Google.
Originally published by Reuters.
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