European Commission Approves Sony’s Takeover of Sony Ericsson

The European Commission has approved Sony's decision to buy Ericsson's stake of the Sony Ericsson joint venture.

The ten year long alliance is coming to an end and the EU approval is a huge step for Sony. Back in October the ladder announced it will be buying Ericsson's stake in the joint venture for €1.05 billion. Two weeks ago Sony Ericsson posted a quarterly net loss of €207 million,...

Sony announced the takeover of the Ericsson-owned half of the Sony Ericsson joint venture at the end of October and, while the brand will be phased out until mid-2012 , questions were surfacing regarding a possible retreat of Sony to Japan. Thankfully this isn't the case as the company is preparing to move its London-based headquarters to Lund, Sweden.

Sony today announced that it is going to purchase Ericsson's share of the two companies' Sony Ericsson cell phone joint venture for $1.47 billion. Once the purchase is complete, Sony Ericsson will become a wholly-owned subsidiary of Sony, which intends to integrate the handset division into its other consumer electronics products. As part of the deal, Sony gains five essential patent families related to wireless technology, and also struck a cross-licensing agreement with Ericsson concerning other, non-essential patents.

Sony is cutting itself loose from its European partner in smartphones. The company announced Thursday that it will acquire Ericsson's 50 percent share in their Sony Ericsson venture, making the mobile handset business a fully owned subsidiary of Sony. Ericsson will receive cash compensation of $1.5 billion.

Sony announced that it has finalized the acquisition of Ericsson's shares of the two companies' joint venture, Sony Ericsson. Sony Ericsson is now a wholly-owned subsidiary of Sony Corp. and has been renamed to Sony Mobile Communications. Sony said that it will work to integrate Sony Mobile and its handsets across Sony's line of consumer electronics.

WallStreet Journal reports that Sony Corp. is on its way to finish off the deal with Telefon AB L.M. Ericsson, which would make Sony the sole and primary shareholder of the Sony Ericsson joint venture.

Created back in 2001, the Sony Ericsson 50-50 joint venture is one of the world's leading mobile phone manufacturers (the 6th, actually) and has attracted many brand-loyal users through...

WallStreet Journal reports that Sony Corp. is on its way to finish off the deal with Telefon AB L.M. Ericsson, which would make Sony the sole and primary shareholder of the Sony Ericsson joint venture.

Created back in 2001, the Sony Ericsson 50-50 joint venture is one of the world's leading mobile phone manufacturers (the 6th, actually) and has attracted many brand-loyal users through...

Back in October, Sony had announced that it will be purchasing Telefonaktiebolaget LM Ericsson's 50 percent stake in the Sony Ericsson joint venture for €1.05 billion, turning it into a wholly owned subsidiary of Sony. And although the deal was supposed to finalize in January, it took a bit longer than that but the process is finally complete.

Starting today, Sony Ericsson will be...