Sony completes Sony Ericsson buyout, launches new brand
Sony completed its buyout of the Sony Ericsson brand today and renamed the venture Sony Mobile Communications.
The new effort aims to "integrate the mobile phone business as a vital element of its electronics business, with the aim of accelerating convergence between Sony's lineup of network enabled consumer electronics products, including smart phones, tablets, TVs and PCs," the company said in a statement announcing the deal's closure.
The last major stumbling block to the acquisition was removed late last month when the European Commission gave its approval to the $1.47 billion deal, which was announced last October. … Read more