Motorola to join Sony Ericsson in ownership of UIQ
London and SCHAUMBURG, IL – October 15, 2007 – Sony Ericsson and Motorola, Inc. (NYSE:MOT) today announced a definitive agreement under which Motorola will acquire a 50% interest in UI Holdings BV, the parent company of UIQ Technology AB, which is currently wholly owned by Sony Ericsson. Under the agreement, Motorola and Sony Ericsson will work together and jointly invest in the development of the UIQ open user interface platform. Terms of the agreement were not disclosed. As previously announced, Sony Ericsson acquired UIQ Technology from Symbian Ltd in February 2007.
Is it good or bad for the UIQ? We’ll see.
Read the press release.