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Sony Buys Whole Of Sony Ericsson

Date: 31-Oct-2011

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BBC : Japanese technology giant Sony has bought full control of mobile phone maker Sony Ericsson from Swedish telecoms equipment maker Ericsson.

Sony has agreed to buy 50% of the firm for 1.1bn euros ($1.5bn; £964m), making the mobile handset business a wholly-owned subsidiary of Sony.

Ericsson said that the "synergies" between telecoms equipment and mobile phones were decreasing.

The transaction also includes a patent deal.

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Source: BBC

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