Sony buys Ericsson’s stake for 1.05 billion

Sony Corporation today announced that will buy Ericsson’s 50 percent stake in Sony Ericsson for €1.05 billion in cash, making the mobile handset business a wholly-owned subsidiary of Sony.

The deal is approved by both companies and is expected to be finalized in January 2012. The transaction will give Sony ownership of a broad IP cross-licensing agreement and ownership of five essential patent families relating to wireless handset technology. However the deal will not end the partnership between both companies, they’re planing to create wireless connectivity initiative to drive connectivity across multiple platforms.

Sony Ericsson


“This acquisition makes sense for Sony and Ericsson, and it will make the difference for consumers, who want to connect with content wherever they are, whenever they want. With a vibrant smartphone business and by gaining access to important strategic IP, notably a broad cross-license agreement, our four-screen strategy is in place. We can more rapidly and more widely offer consumers smartphones, laptops, tablets and televisions that seamlessly connect with one another and open up new worlds of online entertainment. This includes Sony’s own acclaimed network services, like the PlayStation Network and Sony Entertainment Network,” said Sir Howard Stringer, Sony’s Chairman, Chief Executive Officer and President.

Source: Sony

Related posts

LG launches the Watch Urbane smartwatch

LG launches the Watch Urbane smartwatch

LG has launched its new Watch Urbane smartwatch around the world. The new digital gizmo measures 45.5 x 52.2 x 10.9 mm and has a stainless steel chassis that fully meets all IP67 standard specifications, making it dust-, dirt-, shock- and water-resistant. The Watch Urbane is based on Qualcomm...

Diamond Digger Saga

Diamond Digger Saga

Diamond Digger Saga – does the word “saga” ring a bell? If it does then you will quickly know that this free game for Android comes from King, the famous developer of games such as Candy Crush Saga. Well, Diamond Digger Saga is another saga with a twist – while the game resembles its cousins...

Sapphire unveils Edge VS mini computers

The company Sapphire, best known for its huge line of AMD-based graphics cards, has released two new mini computers that belong to the company’s Edge VS line – the VS4 and the VS8. The cheaper and slower VS4 version comes with an AMD A4-4355M APU that has two 1.9 GHz...

Leave a comment