Click to Skip Ad
Closing in...
  1. Best Memory Foam Mattress
    12:31 Deals

    When 75,000 Amazon shoppers rave about a $130 memory foam mattress, you need to check it o…

  2. Best Wireless Charger For iPhone
    13:04 Deals

    3-in-1 wireless charging station for Apple devices is down to $17 at Amazon

  3. Amazon Smart Home Deals
    08:08 Deals

    5 smart home devices on Amazon you’ll wonder how you ever lived without

  4. Philips Sonicare Deals On Amazon
    08:45 Deals

    These Philips Sonicare deals on Amazon will brighten any smile

  5. Amazon Deals
    09:59 Deals

    Today’s top deals: Alexa in your car for $19.99, $5 smart plugs, 2021’s best A…




Sony completes Sony Ericsson buyout

Dan Graziano
February 16th, 2012 at 11:30 PM

Sony on Thursday announced the transaction to acquire Ericsson’s 50% stake in Sony Ericsson has been completed. Sony and Ericsson announced the deal last October, which was worth €1.05 billion in cash and made Sony Ericsson a wholly-owned subsidiary of Sony. The company will be renamed to Sony Mobile Communications and will “further integrate the mobile phone business as a vital element of its electronics business, with the aim of accelerating convergence between Sony’s lineup of network enabled consumer electronics products, including smart phones, tablets, TVs and PCs.” Read on for Sony’s press release.

Sony Completes Full Acquisition of Sony Ericsson

Sony to Rename the Company Sony Mobile Communications and Accelerate Business Integration

February 16, 2012, Tokyo, Japan – Sony Corporation (“Sony”) today announced that the transaction to acquire Telefonaktiebolaget LM Ericsson’s (“Ericsson”) 50% stake in Sony Ericsson Mobile Communications AB (“Sony Ericsson”) has been completed as of February 15, 2012 (Central European time). This marks the completion of the transaction jointly announced by Sony and Ericsson on October 27, 2011, and makes Sony Ericsson a wholly-owned subsidiary of Sony.

Sony will rename Sony Ericsson “Sony Mobile Communications”, and further integrate the mobile phone business as a vital element of its electronics business, with the aim of accelerating convergence between Sony’s lineup of network enabled consumer electronics products, including smart phones, tablets, TVs and PCs.




Popular News