Sony buys Ericsson's stake in mobile venture

When the transaction closes, subject to normal regulatory approvals and necessary consultations, Sony Ericsson will become a standalone division within Sony Corporation.

The Xperia Smartphone will serve as a cornerstone to Sony's unique "four screen" proposition, integrating the Xperia Smartphone portfolio to its existing tablet, TV, videogame and personal computer businesses to deliver a more powerful "four screen" experience enabling a connected PC, TV, Tablet and Smartphone experience for consumers.