Sony Ericsson Buyout Complete, Renamed Sony Mobile Communications

Months after the October announcement that Sony Corporation would be purchasing Ericsson‘s share in the company. Well roughly four months later the T’s have been crossed and the I’s have been dotted and Sony now owns Ericsson’s shares. Even after it was announced that it was close to completion at the end of January it looks like the final transactions are now just finishing. It was reported that as of yesterday, Central European time, the transaction to acquire Telefonaktiebolaget LM Ericsson’s 50% stake in Sony Ericsson Mobile communications has been completed.

Sony Ericsson is now a wholly-owned subsidiary of Sony. Now that the acquisition has been completed Sony plans on renaming the subsidiary to Sony Mobile Communications. This move will continue to integrate the mobile phone business as a vital aspect of its electronics business. The aim will be to accelerate a convergence of Sony’s lineup of network enabled electronics. This will include smart phones, tablets, TVs, PCs and so on.

It will be interesting how integrated everything will be come and to see what Sony Mobile Communications has in store for the world now that Ericsson is no longer. The first Sony phone without the Ericsson brand, the Xperia S, has debuted and if this is any indication of the new subsidiary’s path, we are in for some great things.

 

source: Sony


 

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