Sony’s buyout of Sony Ericsson approved by EU

Last October, Sony announced plans of acquiring Ericsson’s 50% of stock in Sony Ericsson – a joint venture started about 10 years earlier that saw a fair amount of success until Apple’s iPhone popped up in 2007. Sony’s stated intention was to better unite their smartphone, tablet, and handheld gaming lines. According to Reuters, the EU has approved the bid that not only includes Ericsson’s stock but also a healthy patent portfolio that might help Sony protect other devices with wireless connectivity like the Tablet S and PlayStation Vita.

Source: Reuters

Related Posts