Sony spends a billion euros to buyout handset partner Ericsson

Written by Rich Fiscus @ 27 Oct 2011 12:10 User comments (2)

Sony has succeeded in their bid to buy out Ericsson's share of their jointly owned Sony Ericsson handset and mobile device company. The deal will cost Sony $1.05 euros and also include a patent cross-licensing deal.

More importantly for Sony, gaining full ownership of Sony Ericsson will clear the way to integrate the company's devices into Sony's online entertainment network and offer a broad range of Sony owned content from companies like Sony Pictures and Sony Music Entertainment.

According to a statement from Sony Chairman, CEO & President Howard Stringer:

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. This includes Sony?s own acclaimed network services, like the PlayStation Network and Sony Entertainment Network,

The deal is expected to close next January.

Tags: Sony Ericsson Buyout

<NinjaVideo admins plead guilty and face jailtime >Warner pulls new releases from Blockbuster following release window argument

2 user comments

127.10.2011 14:18

RichardvonBacon

Send private message to this user

Junior Member

What's $1.05 euros?

228.10.2011 00:14

llongtheD

Inactive

Originally posted by RichardvonBacon:
What's $1.05 euros?

I'm pretty sure the article was meant to read 1.05 billion euros, as suggested in the title of the article. Sony can keep their seamlessly connected products and network, as well as their root kits.

Comments have been disabled for this article.

	Napster Sold – Yet Again (27 Mar 2025 1:16) The world’s most iconic peer-to-peer music-sharing platform, once infamous for its role in digital piracy, has once again been sold.
	YouTube viewing now happens in TVs (11 Feb 2025 2:43) Smartphones are no longer the primary device for watching YouTube. Instead, televisions—those big screens in our living rooms—have taken the top spot as the most-used platform for YouTube viewing at home. 5 user comments
	Sony to end production of writable Blu-ray discs, MiniDiscs and MiniDV tapes (24 Jan 2025 11:27) Sony has announced that it will halt the production of writable Blu-ray discs, MiniDiscs, and MiniDV tapes in February 2025.
	Nintendo announces Switch 2 - Long video released, but specs still under wraps (16 Jan 2025 11:33) After years of anticipation, Nintendo has officially unveiled its next-generation console, the Nintendo Switch 2, in a newly released promotional video. However, the company has yet to reveal the exact technical specifications, promising to share mor 1 user comment
	YouTube Premium starts showing ads to subscribers (13 Nov 2024 3:09) For years, YouTube Premium has been marketed as a way to enjoy an ad-free YouTube experience. But apparently, that is no longer the case, as Premium subscribers are now starting to see ads on the platform. 4 user comments

	GUIDE: Wi-Fi speeds are slow? Here are some tips Having problems with Wi-Fi speed and stability at home? Here are some tips to follow to alleviate the issues. 1 user comment
	What happens if you don't update Android? Sometimes it can be tempting to avoid updating to a new Android version. What happens if you decide to delay major updates to the OS?
	Does your phone rattle? Here's why it happens When you shake your phone and hear a light rattle, clatter, or jingle, it's likely not broken. The culprit is probably the optical image stabilization (OIS) system in your phone's camera, meaning everything is functioning as it should. 2 user comments
	Guide: Is Your Wi-Fi Sluggish or Slow? Here's How to Fix Do you have problems with you Wi-Fi? Slow connection or is it cutting off constantly? This guide aims to remedy these problems. 1 user comment
	What IP rating for dust and water resistance means An IP classification (such as IP68) is given to mobile phones, Bluetooth speakers, and other devices, but what do these classifications mean? 1 user comment

Sony spends a billion euros to buyout handset partner Ericsson

2 user comments

Latest news

Reviews

Guides

News archive

Subscribe

Sections:

Follow us:

	Roborock S8 MaxV Ultra review - obstacle avoidance doesn't work as it should, otherwise almost perfect robot vacuum We put the Roborock S8 MaxV Ultra through a very, very long review process. The $1800 mopping robot vacuum is almost perfect, but its obstacle avoidance was surprisingly bad, considering the price - and compared to its competitors.
	Sharge x OnePlus Pouch review: Beautiful power bank that supports SuperVOOC charging In our review, we take a look at Sharge's power bank that supports OnePlus SuperVOOC quick charging technology as well as standard USB PD charging. It has small design flaws, but despite those, the Pouch is very nice product. 1 user comment
	Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets Roomba Combo j7+ is the very first Roomba model to combine robot vacuum with mopping features. And Roomba Combo j7+ does all that with a very clever trick, which tackles the problem with mopping and carpets. But is it any good? We found out.