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Thursday, February 16, 2012
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Sony Completes Acquisition of Sony Ericsson
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Sony Ericsson has become a wholly-owned subsidiary of
Sony and will be renamed Sony Mobile Communications.
Sony today announced that the transaction to acquire
Telefonaktiebolaget LM Ericsson's 50% stake in Sony
Ericsson has been completed.
This marks the completion of the transaction jointly
announced by Sony and Ericsson on October 27, 2011,
and makes Sony Ericsson a wholly-owned subsidiary of
Sony.
Sony will also rename Sony Ericsson "Sony Mobile
Communications", and further integrate the mobile
phone business as a vital element of its electronics
business, with the aim of accelerating convergence
between Sony's lineup of network enabled consumer
electronics products, including smart phones,
tablets, TVs and PCs. |
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