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Sony and Ericsson now split, Ericsson keeps the cars, Sony takes the house and renames it Sony Mobile Communications

Sony and Ericsson split finalized, renamed to Sony Mobile Communications

| Business, Financial & Legal News | Posted: Feb 16, 2012 10:17 am

Sony and Ericsson's split is now finalized, with Sony taking over Ericsson's 50-percent stake in the former joint venture. This move has reportedly cost $1.37 billion to complete and with it now being fully Sony-owned, Sony have renamed Sony Ericsson to "Sony Mobile Communications".

 

TweakTown image news/2/2/22671_11_sony_and_ericsson_now_split_ericsson_keeps_the_cars_sony_takes_the_house_and_renames_it_sony_mobile_communications.jpg

 

The agreement was completed today, and has Sony absorbing the broad IP cross-licensing agreement, among others, which now makes Sony Ericsson a "wholly-owned subsidiary of Sony". Not that this news is exciting, but it'll be interesting to see where Sony takes their Sony Mobile Communications to, from here.

 

Will they try to compete much harder against Apple, Samsung, and others? Will they choose to continue with their Android-based products, or will they diversify and move onto Windows Phone 7 in the future, or Windows 8 devices? Time will tell, I guess.

NEWS SOURCES
Ericsson.com, Engadget.com

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