Feeds

Symbian owners foil Nokia takeover

Shareholders increase stakes

  • alert
  • submit to reddit

A new approach to endpoint data protection

Symbian's other shareholders have stopped Nokia from taking majority ownership of the smart phone OS developer.

Symbian is expected to announce at a London press conference in London this afternoon that most shareholders have exercised their rights to buy bigger stakes in the company. Only Samsung is ducking out, according to the FT, which means that Nokia will be left with around 49 per cent of the business.

In February, Psion announced the sale of its 31.1 per cent stake in Symbian to Nokia for £135.5m. This meant that Nokia would double its share in Symbian to 61.3 per cent and assume effective, if not full control - that requires 70 per cent of the board votes.

Symbian's other shareholders had rights to participate in the purchase of the Psion stake. Sony-Ericsson did not want to see Symbian turn into a Nokia sub; it said a Nokia-owned software platform was "unattractive", and urged fellow shareholders to exercise their rights.

Symbian was founded by Psion and three major mobile phone makers, Nokia, Motorola and Ericsson, all with roughly equal shares. A single smart phone OS owned by everyone - and hence, no-one - meant that developers could confidently write their apps for a big platform.

Since then Motorola has sold its stake, and Ericsson has spun out its handsets business into a joint venture with Sony. The JV is much smaller than Ericsson was by itself in its heyday and, for a while, the Swedish firm's commitment to the handset business was in question. And new shareholders have joined the Symbian register - Samsung, Siemens and Matsushita.

Also Microsoft has thrown its hat into the arena with its own smart phone OS. In terms of sales, this has failed to set the world on fire - so far. But one can never underestimate Microsoft. These days, Motorola, the world's second biggest mobile phone maker, appears to be firmly in the Microsoft camp. And after a horrible few years, Motorola's star is once again in the ascendant. ®

Related stories

Germany approves Nokia's Symbian plan
Dollar decline stunts Symbian growth
Symbian doubles sales
Symbian falters in battle with Microsoft
Sony, Ericsson plan move to block Nokia majority at Symbian
UI Wars: Sony loves Symbian grits teeth
Psion gets green light for Symbian sale to Nokia
MS, Linux, board battles - Psion boss lists the threats to Symbian
Psion shareholders are revolting
Symbian sale is for the best, says Psion
UI wars tore Symbian apart - Nokia
The Beast must buy? Fear and loathing in the Symbian shareholdings
Symbian minorities to block Nokia sale
Psion looks past Windows to Linux
Nokia dooming Psion's legacy to obscurity?
Nokia bags Psion's Symbian stake

7 Elements of Radically Simple OS Migration

More from The Register

next story
PEAK LANDFILL: Why tablet gloom is good news for Windows users
Sinofsky's hybrid strategy looks dafter than ever
Leaked Windows Phone 8.1 Update specs tease details of Nokia's next mobes
New screen sizes, dual SIMs, voice over LTE, and more
Fiendishly complex password app extension ships for iOS 8
Just slip it in, won't hurt a bit, 1Password makers urge devs
Mozilla keeps its Beard, hopes anti-gay marriage troubles are now over
Plenty on new CEO's todo list – starting with Firefox's slipping grasp
Apple: We'll unleash OS X Yosemite beta on the MASSES on 24 July
Starting today, regular fanbois will be guinea pigs, it tells Reg
Another day, another Firefox: Version 31 is upon us ALREADY
Web devs, Mozilla really wants you to like this one
Secure microkernel that uses maths to be 'bug free' goes open source
Hacker-repelling, drone-protecting code will soon be yours to tweak as you see fit
Cloudy CoreOS Linux distro declares itself production-ready
Lightweight, container-happy Linux gets first Stable release
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?