Nokia Buys Open Source Trolltech For $150M

by admin January 28, 2008 at 7:19 pm

It looks like it’s going to be a banner year for the acquisition of open source vendors by larger corporations.

Finnish mobile phone giant Nokia announced today that it is acquiring Norwegian open source software vendor Trolltech in a deal valued at $150 million. Trolltech trades on the Oslo Stock Exchange, where Nokia will tender 16 NOK (Norwegian Krone) to acquire all outstanding shares. The deal has already been approved by shareholders representing nearly two-thirds of Trolltech’s outstanding stock and is expected to formally close in the second quarter of 2008.

Read more: