Sony Corporation (Sony) has finally announced that it has finally acquired Telefonaktiebolaget LM Ericsson’s (“Ericsson”) 50 per cent stake in the pair’s former joint venture Sony Ericsson Mobile Communications AB (“Sony Ericsson”).
The company also announced to rename the now fully Sony owned Sony Ericsson as “Sony Mobile Communications”.
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.
Every new phone launched from the company will bear only Sony’s name, and we have seen a couple of them already. However, the existing range of devices out in the market will continue to bear the Sony Ericsson name.