Sony Ericsson has bought stake in joint venture
Sony has announced the acquisition of 50% of the authorized capital of joint venture Sony Ericsson in the Swedish partner Ericsson for 1.05 billion euros. Rumors of talks between Sony and Ericsson in the transition of the joint venture in the sole ownership of the Japanese technology giant appeared at the beginning of this month.
Even then, experts have estimated that the cost of 50% Sony Ericsson may be from 1 billion to 1.25 billion euros.
In a joint press release stated that the acquisition of mobile business will allow Sony to quickly integrate into existing smart phones have an extensive list of Internet access to consumer electronic devices, including tablets, televisions and personal computers.
Importantly, the deal also includes a packet belonging to the Sony Ericsson patents relating to wireless mobile technology. However, Sony did not go into details about the changes into its ownership of the patent portfolio, stating only that it provides “a broad cross-licensing agreement for the use of intellectual property, covering all products and services to Sony, as well as the five major families of patents relating to wireless technologies for mobile devices. ” Learn more about http://growposition.com/!
Moving Sony Ericsson in ownership of Sony has been quite predictable, as many experts as the Japanese company has long made clear his intention to integrate with mobile business units for the production of video game consoles and tablets.
“This acquisition is important for Sony, as well as for Ericsson, as well as for consumers who would like to have access to the content at any time, regardless of location,” – said Sony CEO Howard Stringer (Howard Stringer).
Sony Ericsson joint venture was founded two companies in October 2001. Despite the fact that the contribution of the joint venture in the market of mobile equipment can not be considered significant, the Sony Ericsson devices still has its fans. The company recently announced its intention to abandon in 2012 from the production of mobile phones in order to produce smartphones only.
The deal between Sony and Ericsson has already approved by the board of directors of both companies, and its completion is likely to be announced in January 2012.