Sony to buy out rest of Sony Ericsson for $1.475 billion

Sony Ericsson logoSony Ericsson announced on Thursday that Sony will buy out the remainder of Sony Ericsson for $1.475 billion. Making Sony Ericsson a wholly owned subsidiary of Sony will allow for better product integration across Sony’s slate of offerings, and will also bolster its patent holdings with ownership of “five essential patent families,” says Ericsson.

Sony Ericsson was formed in 2001 when Sony and Ericsson merged their "unprofitable" handset businesses so that they could make feature phones that were more attractive to consumers. The companies cite the Walkman phone and Cyber-shot phone as “well known examples” of their partnership.

While Sony Ericsson had some success in that area, it has adapted less well to the smartphone market. The company's market share in smartphones rose from 3 to 5 percent since 2010, but the two companies have remained tight-lipped on the performance of its Xperia smartphone line (Sony Ericsson would only say the Android-based Xperia Play was “meeting expectations”).

With Sony Ericsson as a wholly owned subsidiary, Sony will be able to offer consumers “smartphones, laptops, tablets, and televisions that seamlessly connect with one another” to access content, according to a statement issued by Sony CEO Sir Howard Stringer. PlayStation Network and Sony Entertainment Network will figure here, Stringer says. Stringer also notes that the buyout will give Sony ownership of “strategic” IP relating to wireless handset technology.

The decision-making bodies of both companies have approved the transaction, which is set to close in January 2012.

Source: Ars Technica

Tags: Sony, Sony Ericsson

Add comment

Your name:
Sign in with:
Your comment:

Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party

Last news

The new 64-bit version of Firefox will be optimized to run on these computers for better performance
Google is expanding the Pixel 3’s eSIM support to a few new countries
And fortunately, it won’t be an iPhone X-like notch
Qualcomm Technologies has shown on the path to commercialization of 5G
It will be embracing Chromium in the development of the browser
The new OLEDs will be on display at CES 2019 in Las Vegas early next year
Quintuple-app strategy offers "a simpler and more unified communications experience"
Google's other mobile SDK is deemed ready for prime time
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /

News Archive



Do you use microSD card with your phone?
or leave your own version in comments (11)