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Nokia Completes Trolltech Acquisition

Jun 19, 2008, 20:15 (0 Talkback[s])


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"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..."

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