Sony completes deal to but our Ericsson’s share of Sony Ericsson

The deal is done. Sony has parted with £871 million to buy out Ericsson and the company will now be know as Sony Mobile Communications with Bert Nordberg remaining as president and CEO.

Sony said in a statement: “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.”

“With a vibrant smartphone business and by gaining access to important strategic IP, notably a broad cross-license agreement, our four-screen strategy is in place. 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.”

Now I can look forward to a Smartphone that looks just like my TV!

Posted by: James