It’s official, folks. Following the news of a successful Google/Motorola merger is the announcement that Sony and Sony Ericsson have been joined in holy matrimony with Sony paying a $1.37 billion dowry for full stake in SE. Sony Ericsson will officially be taking on Sony’s name — with the new title of Sony Mobile Communications. All of Sony’s upcoming devices unveiled at CES will appropriately reflect the standalone “Sony” name by the time they’re launched. Let’s hope Sony will go all-out in their new mobile venture, bringing powerful, sleek and sexy new Android devices in 2012.
Sony Completes Full Acquisition of Sony Ericsson
Sony to Rename the Company Sony Mobile Communications and Accelerate Business Integration
February 16, 2012, Tokyo, Japan – Sony Corporation (“Sony”) today announced that the transaction to acquire Telefonaktiebolaget LM Ericsson’s (“Ericsson”) 50% stake in Sony Ericsson Mobile Communications AB (“Sony Ericsson”) has been completed as of February 15, 2012 (Central European time). 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.
Sony will rename Sony Ericsson “Sony Mobile Communications”, and further integrate the mobile phone business as a vital element of its electronics business, with the aim of accelerating convergence between Sony’s lineup of network enabled consumer electronics products, including smart phones, tablets, TVs and PCs.