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

Radeon R9 290X pictured and tested

The lucky folks at Techpowerup have had the chance to get and test one of the upcoming AMD Radeon R9 290X high-end graphics cards. They have not only gotten one of these beauties but they have also tested it and the results are more than promising. The PCB of the graphics...

Kingston expands its range of SDXC Class 10 UHS-I cards

Kingston expands its range of SDXC Class 10 UHS-I cards

Kingston Technology, which we usually associate with desktop PC memory, has announced the addition of a new 512 GB memory card to its range of Class 10 UHS-I SDHC/SDXC memory cards. The new card is great news for all people who own DSLR cameras and HD camcorders and who record high-definition...

AMD updates graphics chips, to compete with NVIDIA’s Kepler

It’s not a secret AMD is behind NVIDIA in the graphics department and to battle this situation the US company is currently working on newer and faster Radeon HD 7970 graphics chips, known as GHz Edition, but there’s more to it – the GHz Edition chips will come with some important optimisations...

Leave a comment