UIQ Files for Bankruptcy
UIQ's CEO Johan Sandberg told Reuters in a recent interview that the company has filed for bankruptcy. UIQ was jointly owned by Sony Ericsson and Motorola, and supplied a version of Symbian to some mobile handsets. UIQ's bankruptcy comes partly as a result of Nokia's purchase of Symbian, which it plans to make available for free. Sandberg said, "There are no opportunities to create a new line of business in the current financial climate." Symbian had been reducing staff levels, but still has 200 employees as of last month.
Turing Robotic Industries Declares Bankruptcy
Turing Robotic Industries, a company that promised to create a sleek, secure smartphone nearly three years ago, has moved into insolvency. TRI was located in Finland and formed by some ex-Nokia employees.
Rdio Will Shutdown December 22
Rdio, which is in the process of being acquired by Pandora, will go offline worldwide on December 22. The company said it looks forward to adding its unique features to Pandora down the road.
Pandora to Buy Rdio's Greatest Bits for $75M
Pandora today said it has agreed to purchase "several key assets" from Rdio for $75 million. Both Pandora and Rdio offer online and mobile music services.
Rdio to Begin Cancelling Subscriptions Today
Rdio, which is being acquired by Pandora, has warned customers that it will begin cancelling their subscriptions. Paying customers will be able to listen through the end of their current billing period, after which their account will be closed.