In a takeover of their Mobile phone business, Sony buys out Ericsson to Officially be their own mobile brand again after a 10 year venture together with a 1.05 Billion Euro payment, which comes to $1.47 Billion US, Hit the Jump for Details!


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After a decade long partnership of Sony devices and Ericsson’s telecommunication technology, Sony decided to get their devices back in their pocket:

“We can more rapidly and more widely offer consumers smartphones, laptops, tablets and televisions that seamlessly connect with one another and open up new worlds of online entertainment,“

But it’s not a nasty divorce, they will still work together:

“setting up a wireless connectivity initiative…to drive and develop the market’s adoption of connectivity across multiple platforms,“

And

“The transaction also provides Sony with a broad intellectual property (IP) cross-licensing agreement covering all products and services of Sony as well as ownership of five essential patent families relating to wireless handset technology.“

See full story at Cnet