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Sony buys whole of Sony Ericsson

Sony buys whole of Sony Ericsson

Japanese technology giant Sony has bought full control of mobile phone maker Sony Ericsson from Swedish telecoms equipment maker Ericsson.

Sony has agreed to buy 50% of the firm for 1.1bn euros ($1.5bn; £964m), making the mobile handset business a wholly-owned subsidiary of Sony.

Ericsson said that the “synergies” between telecoms equipment and mobile phones were decreasing.

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The transaction also includes a patent deal.

Traveling Essay Love Essay Conclusion Sony will get the five sets of patents that are essential to making the phones and a licensing agreement on any other intellectual property.

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Dme Company Business Plan Many observers expected this deal because Sony wanted to integrate its phone division with its mobile games machine and tablet computer units.

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“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,” said Sony’s chairman Sir Howard Stringer.

Earlier this month, Sony Ericsson broke even in its third quarter and announced it would focus on smartphones from 2012.

Buy Biology Research Paper Source: BBC News

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