Sony to buy Sony Ericsson, turn into subsidiary

Sony said Thursday it will acquire Ericsson’s 50 percent share in their Sony Ericsson mobile phone joint venture, turning the company into a subsidiary in January 2012.The Tokyo-based electronics maker said in a press release it will pay Ericsson 1.05 billion in the deal, which includes several sets of related patents and a cross-licensing agreement for intellectual property.

Tags: , , , , , , , , , , , , , ,