Sony Ericsson will become a wholly-owned subsidiary of Sony. Ericsson has been in trouble for a number of years and in 2001 it joined forces with Sony to try and rescue its mobile handset operations.
Ericsson's chief executive Hans Vestberg says the company will now concentrate on the wireless market and will use its research and development facilities and patent portfolio to build new businesses. However, the two companies will continue to work together.
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