Nokia to finalize Trolltech acquisition today

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The European Commission has issued final approval of Nokia's bid to acquire Trolltech. Nokia expects to move forward with the deal and finalize the approximately $150 million acquisition today. This acquisition arrives during a time of major transitions for Nokia, which is moving beyond manufacturing and repositioning itself in the market as a broader web-oriented software solutions provider.

The mobile phone giant initially revealed plans for the acquisition in a joint announcement with Trolltech in January. Nokia hopes to leverage the portability Trolltech's popular Qt application development toolkit to help developers bring their applications to a multitude of devices and software platforms. The latest release, Qt 4.4, is the first version to include full support for Windows CE. We suspect that Nokia's first order of business will be to add support for its own Symbian-based S60 operating system.

Nokia says that it will fully embrace Trolltech's existing commitment to the open source community and has become a patron of the KDE desktop environment project. The 1998 KDE Free Qt Agreement—which stipulates automatic LGPL release of the Qt libraries in the event that development halts or its license ceases to be open—further insulates the community from any potential deviations from Trolltech's open source commitment.

Source : Nokia to finalize Trolltech acquisition today

 

[praka123]

hmm...for good or bad?that is the question if Linux is coming to mobile via Nokia,it will be hopefully for good.

while qt libs development?kde $$$ support from trolltech?what will happen ?

 

[NucleusKore]

Maybe they'll develop a KDE for Nokia, and make them slower than they already are
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[Pathik]

Hmmm.. Maemo vs Android. Acha hai.

 

[x3060]

am impressed by andriod, its too good..lets see how this one will fair.

 

[unni]

Nokia completes Trolltech acquisition
Finland-based handset manufacturer Nokia announced that it has completed its acquisition of Trolltech. The Norwegian software firm's development talent -- together with its Linux-compatible "Qt" application development framework -- is likely to help Nokia improve its cross-platform support, and expand its presence in the Linux mobile device market.

The acquisition was estimated to be worth $150 million when it was announced in late January. Its completion comes on the heels of a June 5th announcement by the European Commission that it had unconditionally approved Nokia's voluntary tender offer for all Trolltech shares. Trolltech will be delisted from the Oslo Stock Exchange as of today, says Nokia.

Source

 

[QwertyManiac]

What happens to the holders of a share that gets de-listed due to acquirement?

 

[Pathik]

I think the shares are bought back by the management of the acquiring company.

 

[mehulved]

Though India specific will answer you question - *economictimes.indiatimes.com/articleshow/2661671.cms