February 15, 2012 9:31pm
Sony Ericson is no longer. Sony announced tonight that the $1.47 billion acquisition of the 50% stake in the Sony Ericsson joint venture is officially completed. The new legal name is now called “Sony Mobile Communications”, this was first unveiled at CES 2012, and has a goal to offer customers a “four- screen strategy” to integrate their services into smartphones, laptops, tablets and televisions.
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.
The first device us Canadians will see is the Sony Xperia S this Spring.