Sony buys out Ericsson to take control of mobile business

Tim Green
Sony buys out Ericsson to take control of mobile business

Electronics giant Sony has completed its full takeover of Sony Ericsson by buying out its Swedish partner for €1.05bn.

The deal has been rumoured for months and signals the renewed vigour with which Sony is approaching the connectivity business these days.

After years in the doldrums, the giant Japanese firm has received much praise for its tablets and connected TVs. With this takeover of its phone JV, the intention is surely to join up the various elements of its device family and thereby take on Apple, Samsung and even Amazon in the race the offer consumers a joined up hardware and software service.

The transaction also provides Sony with five essential patent families relating to wireless handset technology.

ME has the full story.

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Tags: Sony , ericsson , buyout

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