Nokia Buys Symbian, Taking It Open Source

Nokia is spending some $410 million to buy the 52% of mobile OS developer Symbian that it doesn’t already own, with the intention of turning it into an open-source platform.

Symbian, which powers two-thirds of the world’s smartphones, and 6% of the mobile phone market overall, already faces stiff competition from Microsoft’s Windows Mobile. But it’s the new threats such as the iPhone, Google’s Android platform and the open-source LiMo Foundation that could potentially cause it the most harm, Reuters reports.

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