will be purchasing Telefonaktiebolaget LM
Ericsson's 50 percent stake in the Sony
Ericsson joint venture for €1.05 billion,
turning it into a wholly owned subsidiary of
Sony. And although the deal was supposed
to finalize in January, it took a bit longer
than that but the process is finally complete.
Starting today, Sony Ericsson will be officially
known as Sony Mobile Communications.
Every new phone launched from the
company will bear only Sony's name, and we
have seen a couple of them already.
However, the existing range of devices out
in the market will continue to bear the Sony
Ericsson name.
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