Sony Buys Ericsson Out For $1.47 Billion

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Submission + - Sony Buys Ericsson Out For $1.47 Billion

Submitted by

Diggester

on Thursday October 27, 2011 @09:33AM

Diggester writes: "Sony took a page out of the playbooks of Microsoft and Apple, announcing it would buy out its smartphone partner, Ericsson, to more tightly integrate smartphones with Sony's laptops, tablets and televisions. The move gives Sony complete control over its smartphone business, while Ericsson will now focus more broadly on wireless connectivity for products beyond mobile handsets. Sony purchased Ericsson's share of the Sony Ericsson partnership for about $1.47 billion. Rumors about Sony's takeover of Sony Ericsson surfaced in early October."

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