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Nokia acquires Trolltech -- the biggest little company you've never heard of

In a move meant to bolster its software development prowess, Nokia just announced the acquisition Trolltech. Who's Trolltech? Well, its software can be found in some 10 million devices. In fact, Trolltech's Qt is used by such familiar applications as Skype, Google Earth, and Photoshop Elements while their Qtopia was spotted on a hacked Archos 5 series earlier this month. By acquiring Trolltech's software development frameworks and application platforms, Nokia hopes to help developers create Internet applications that work on PCs and across Nokia devices. Specifically, Nokia claims that the move will "further increase the competitiveness of S60 and Series 40." The deal also grandfathers Nokia into the LiMo Foundation and its attempt to bring open-source to your handset. Hear that Android? The $153 million offer must still be processed through regulatory channels and approved by shareholders -- all expected before June in out.