Nokia to Acquire Trolltech For USD 150 Million

by on January 28, 2008 · 0 comments· LAST UPDATED January 28, 2008

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Nokia to Acquire Trolltech Open Source Product Company

Recently, Sun acquired MySQL for USD 1 billion. Today Trolltech announced that they have entered into an agreement that Nokia to acquire Trolltech for USD 150 million. Congratulations, Eirik, Haavard and the crew.

Trolltech created Qt, a multi-platform C++ Graphical User Interfaces (GUI) framework which also includes packages such as data structures and a networking library. The popular free Unix desktop environment KDE uses. From the press release:
Trolltech Open Source Product Company

Nokia and Trolltech ASA today announced that they have entered into an agreement that Nokia will make a public voluntary tender offer to acquire Trolltech (www.trolltech.com), a company headquartered in Oslo, Norway and publicly listed on the Oslo Stock Exchange. Trolltech is a recognized software provider with world-class software development platforms and frameworks. In addition to the key software assets, its talented team will play an important role in accelerating the implementation of Nokia's software strategy.

Nokia will offer NOK 16 per share in cash. The board of directors of Trolltech has unanimously recommended that its shareholders accept Nokia's Offer. Holders of 35,024,830 shares, representing approximately 66,43 % of Trolltech's issued shares and votes have as of January 27, 2008 irrevocably undertaken to accept the Offer. Haavard Nord, Vuonislahti Invest AS (controlled by Eirik Chambe-Eng), Teknoinvest and certain funds managed by Index Ventures are among the shareholders who have agreed to tender their shares to Nokia.

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