It’s been a road, but no one could say it was a hard one. Ever since the first report concerning Sony’s planned acquisition of Ericsson’s stake in the mobile phone partnership, the journey up until now has been pretty straight forward and smooth. While we already knew the process was in its final stages, Sony has officially announced today that the endeavor is finalized, and Sony has completed the full acquisition of Sony Ericsson.
As we’ve seen in previous announcements from Sony, there won’t be any more Sony Ericsson branding on phones. It’s just Sony moving forward. Sony Mobile Communications will be in full control of the smartphone portion of the business, and we should see plenty of new devices coming down the pipe.
You can check the full press release below, or head through the source link to learn more information.
Sony to Rename the Company Sony Mobile Communications
and Accelerate Business Integration
February 16, 2012, Tokyo, Japan – Sony Corporation (“Sony”) today announced that the transaction to acquire Telefonaktiebolaget LM Ericsson’s (“Ericsson”) 50% stake in Sony Ericsson Mobile Communications AB (“Sony Ericsson”) has been completed as of February 15, 2012 (Central European time). This marks the completion of the transaction jointly announced by Sony and Ericsson on October 27, 2011, and makes Sony Ericsson a wholly-owned subsidiary of Sony.
Sony will rename Sony Ericsson “Sony Mobile Communications”, and further integrate the mobile phone business as a vital element of its electronics business, with the aim of accelerating convergence between Sony’s lineup of network enabled consumer electronics products, including smart phones, tablets, TVs and PCs.
via Sony Ericsson