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Nokia to Acquire Trolltech For USD 150 Million

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.

Qt To Be Licensed Under GPL version 3

Qt is the standard framework for high performance, cross-platform application development. Trolltech ASA is licensing its Qt cross-platform development framework under the GNU General Public License version 3 (GPL v3), with immediate effect. GNU founder Richard Stallman said:

I am very pleased that Trolltech has decided to make Qt avaliable under GPL v3. This will allow parts of KDE to adopt GPL v3 too. Even better, Trolltech has made provisions for a smooth migration to future GPL versions if it approves of them.

Qt is already available under the GPL v2 and will continue to be so in addition to the GPL v3.

The GPL v3 license will make it easy and safe for free software developers to use Trolltech's Qt with the most recent license framework from the Free Software Foundation. Trolltech hopes that its move will inspire free software projects to use GPL v3 when programming with Qt.

Trolltech to adopt GPL 3 for Qt