Sony has bought full control of mobile phone manufacturer Sony Ericsson after buying out Swedish firm Ericsson in a deal worth €1.1billion (£964million). The Japanese technology giant will now own certain handset patents held by Ericsson and allow the company to integrate Sony Ericsson’s products with its own content.
Before the deal was agreed, Sony devices were kept separate from the mobile phones created by Sony Ericsson. Commenting on the agreement, Sony’s chairman and chief executive Sir Howard Stringer said in a statement:
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.
After its founding in 2001, Sony Ericsson initially captivated consumers with a range of camera and music phones but later lost ground on Apple and rivals carrying Google’s Android in the smartphone battle.
Read more: Metro.Co.UK
– Sony Acquires Full Control Of Sony Ericsson