by Mai Tao
Sony and Ericsson have announced that Sony will acquire Ericsson’s 50 percent stake in Sony Ericsson, making the mobile handset business a wholly-owned subsidiary of Sony.
The transaction gives Sony an opportunity to rapidly integrate smartphones into its broad array of network-connected consumer electronics devices – including tablets, televisions and personal computers – for the benefit of consumers and the growth of its business.
The transaction also provides Sony with a broad intellectual property (IP) cross-licensing agreement covering all products and services of Sony as well as ownership of five essential patent families relating to wireless handset technology.
Filed under: Android, Gaming, General technology, Media, Services, Adroid Phone, Android, business and society, cash consideration, Chief executive officer, consumer electronics devices, cross license, Ericsson, global wireless, handset business, Hans Vestberg, Howard Stringer, http://technology-headlines.com, leading technology, license agreement, licensing agreement, Mai Tao, mobile market, patent families, personal computers, PlayStation Network, services portfolio, Sir Howard Stringer, Smartphone, Sony, Sony Entertainment, Sony Ericsson, subsidiary of sony, synergies, technology headlines, Technology Market, telecoms services, Walkman phone, wireless connectivity, wireless handset, Xperia
