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February 16, 2012
ebruary 16, 2012, Tokyo, Japan - Sony Corporation (âSonyâ) today announced that the transaction to acquire Telefonaktiebolaget LM Ericssonâs (âEricssonâ) 50% stake in Sony Ericsson Mobile Communications AB (âSony Ericssonâ) 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 âSony Mobile Communicationsâ, and further integrate the mobile phone business as a vital element of its electronics business, with the aim of accelerating convergence between Sonyâs lineup of network enabled consumer electronics products, including smart phones, tablets, TVs and PCs.