Sony buys Ericsson's stake in mobile venture

Today, 27 October 2011, it was confirmed that Sony Corporation and Telefonktiebolaget LM Ericsson have agreed that Sony will acquire Ericsson's stake in Sony Ericsson to make the joint venture a wholly owned subsidiary of Sony.

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.


 
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