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Sony completes Ericsson acquisition, renames mobile subsidiary

Newsbrief: Sony has completed its full acquisition of Xperia Play partner Ericsson, buying out the remaining 50 percent stake for 1.05 billion euros ($1.5 billion) in cash. This completes the acquisition which was originally announced back in October, meaning Ericsson is now a wholly-owned subsidiary of Sony, and bringing the Xperia Play mobile gaming platform in-house. The company also announced that it is set to rename Sony Ericsson -- in the future, the subsidiary will ... More......

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Published By: Evil Avatar - Friday, 17 February