Sony buys Ericsson out of partnership

  Technology giant Sony Corporation has ended its 11-year-long relationship with Telefonaktiebolaget LM Ericsson in the smartphone-maker, Sony Ericsson. In a statement issued by Sony, the company state that it has acquired Ericsson’s 50% stake in Sony Ericsson (The 50% share was reportedly bought for €1.05 billion)- making the mobile phone manufacturer a wholly-owned subsidiary … Continue reading “Sony buys Ericsson out of partnership”