In 2001, Sony joined forces with Ericsson, a Swedish mobile phone manufacturer, yielding a joint venture called Sony Ericsson. This week, Sony announced it would take full control of Ericsson, in a deal reportedly worth roughly $1.5 billion. Sony reps positioned the acquisition as a matter of synergy – now the company can more fully integrate its smartphone and consumer electronics lines.
10/29/2011
Sony buys out Ericsson for $1.5 billion
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment
Grace A Comment!