Ericsson makes Sony subsidiary deal

Telecoms giant Ericsson is to sell its 50% stake in mobile phone maker Sony Ericsson to Sony for €1.05bn.

Ericsson makes Sony subsidiary deal
Thu, 27 Oct, 2011 - 09:54

Telecoms giant Ericsson is to sell its 50% stake in mobile phone maker Sony Ericsson to Sony for €1.05bn.

Ericsson said Sony Ericsson will become a wholly-owned subsidiary of Sony and integrated into Sony’s broad platform of network-connected consumer electronics products.

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