Nokia Closes Trolltech Acquisition

imageNokia (NYSE: NOK) announced today it has completed its acquisition of Trolltech, the Norway-based mobile and embedded software company, whose product is used in popular software such as Skype, Google (NSDQ: GOOG) Earth and Adobe (NSDQ: ADBE) Photoshop Elements, and helps developers create apps for mobile phones that run across Microsoft (NSDQ: MSFT) Windows, Apple (NSDQ: AAPL) Macintosh OS X and the Linux or Unix OS. When the deal was announced in January, Nokia was offering about NOK 16 per share in cash, which converts roughly to $155 million. On June 5, the 2008 European Commission announced that it had “unconditionally approved” Nokia’s voluntary tender offer for all the shares in Trolltech. In addition to Trolltech’s software assets, Nokia said the company’s team will play a role in implementing Nokia’s software strategy and enable Nokia to accelerate its the cross-platform software strategy for mobile devices and desktop applications and develop Internet services business. Trolltech’s last day of listing was today. Release.

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