Sony to acquire Ericsson's share of Sony Ericsson

The Swedish telecom company Ericsson said Thursday that they will sell their 50-per cent stake in mobile phone joint venture Sony Ericsson to Sony for 1.05 billion euros (US$1.47 billion). Rumors of this acquisition have been around for some time already.

“Sony will acquire Ericsson’s 50 per cent stake in Sony Ericsson… making the mobile handset business a wholly-owned subsidiary of Sony,” Ericsson said in a statement.

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-Mezzo-1823d ago

I think they already have completely acquired Ericsson.

fatstarr1821d ago

Never fully paid attention to this company. its not like they are on the radar with anything