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

ASUS announces monstrous wireless adapter

ASUS announces monstrous wireless adapter

ASUS has announced a new very capable PCI-E wireless networking adapter. The device is called PCE-AC88 and is the first on the market to offer dual-band 4x4 AC3100 Wi-Fi with speeds of up to 2.1 Gbps at 5 GHz and 1 Gbps at 2.4 GHz. To offer such speed the ASUS PCE-AC88 Wi-Fi adapter uses 4x4...

iKit NuCharge case for iPhone 4

The licensed Apple accessory partner iKit, unveiled a new battery case for the iPhone 4 which is only 6mm thick, weighs just 2 ounces and also offer protection for your iPhone 4. The iPhone 4 Nu Charge all in one solution feature rubberized coated finish,  packs 1400 mAh which can be turned...

First Intel LGA 1150 chipset info hits the Internet

Anonymous sources on the Internet have begun sharing information about the upcoming Intel chipsets for the LGA 1150 socket, which is expected next year. The LGA 1150 socket will be powering Intel’s future Haswell processor also expected in 2013. Intel promises that the new CPU will...

Leave a comment