Sony will pay EUR 1.05 billion in cash to acquire Ericsson's 50 percent stake in Sony Ericsson Mobile Communications AB. The mobile handset vendor will become a wholly-owned subsidiary of Sony when the deal closes in January 2012.
Sony said it plans to rapidly integrate smartphones into its broad array of network-connected consumer electronics devices - including tablets, televisions and personal computers. http://www.sonyericsson.com
- In 2001, Ericsson and Sony merged their mobile phone businesses worldwide and they have run it as a 50/50 venture ever since.
