Nokia has plans for Psion takeover

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Nokia<, the world’s top mobile handset maker, is considering a takeover of UK firm Psion in a bid to dominate the multibillion-dollar cellphone software market and fend off Microsoft, the Business has reported.

Finland-based Nokia and the British company are already partners in Symbian, which makes software used in mobile phones. Nokia currently owns 32 percent of Symbian and Psion has 31 percent.

A takeover of Psion would give Nokia control over Symbian and help it head off growing competition in cellphone software from Microsoft, the world’s largest software company.”

Read more from the source.

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