Sony wants to buy Ericsson’s stake in Sony Ericsson
Ten years after the Sony Ericsson joint venture was established, and about a year and a half after we last heard this would happen, reports are once again coming in that Sony is trying to buy out Ericsson’s part of Sony Ericsson.
For those of you who don’t know anything about anything, Sony Ericsson wasn’t owned by Sony, and Sony didn’t buy Ericsson. The company that makes phones was created in 2001 as a 50-50 joint venture between Sony and Ericsson, and it’s been so ever since.
As mentioned already, back in March of last year we first heard that this may happen. Apparently Sony wants more control over the mobile activities, now that it’s (presumably) understood that the future is mobile. One move that may have anticipated the change was Sony launching Android-powered tablets under its own brand recently, not using Sony Ericsson’s.
Talks for the sale between Ericsson and Sony are ongoing and can break apart at any time. A deal is estimated to come in at 1-1.25 billion euros, which translates into $1.3-1.7 billion.
Will this move (if it happens) be enough to guarantee Sony’s success in the mobile space? Obviously not. Anything can happen, and Sony Ericsson hasn’t been doing all that well in recent years. Although over the past few months they have started to put out some interesting things, like their Facebook inside Xperia software or the increased support for independent Android developers and modders. Whether or not any of that will change with Sony at the helm remains to be seen. We’ll keep you posted.