After many rumors saying that it would happen (spread over a couple of years, no less), last year in October Sony officially announced that it would be buying Ericsson’s stake in Sony Ericsson, the joint-venture established ten years earlier.
But these things won’t actually happen with just the agreement between the parties involved. They have to be approved too. And today Sony has gathered all the necessary approvals from authorities across the world, and as such the deal was closed.
Sony paid Ericsson €1.05 billion for the privilege. And now that Sony Ericsson is a fully owned subsidiary of Sony, the first thing that will happen will be a name change. It was pretty clear that it was coming. So from now on, there will be no more Sony Ericsson Mobile Communications. Its place was taken by Sony Mobile Communications.
Sony promises to accelerate the “convergence between Sony’s lineup of network enabled consumer electronics products, including smart phones, tablets, TVs and PCs” in the future. Then again, it’s this same convergence that was touted as one of Sony’s assets back in 2001 when Sony Ericsson was created. But maybe Sony can do a better job alone. It remains to be seen. Anyway, welcome back Sony to the mobile device world!
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