Sony buys Ericsson's Share in Sony Ericsson

Sony Ericsson phones soon will be called just Sony phones. Ericsson and Sony today announced that Sony will acquire Ericsson's 50% stake in Sony Ericsson Mobile Communications AB ("Sony Ericsson"), making the mobile handset business a wholly-owned subsidiary of Sony. The transaction gives Sony an opportunity to rapidly integrate smartphones into its broad array of network-connected consumer electronics devices - including tablets, televisions and personal computers - for the benefit of consumers and the growth of its business. The transaction also provides Sony with a broad intellectual property (IP) cross-licensing agreement covering all products and services of Sony as well as ownership of five essential patent families relating to wireless handset technology.

As part of the transaction, Ericsson will receive a cash consideration of EUR 1.05 billion.

"This acquisition makes sense for Sony and Ericsson, and it will make the difference for consumers, who want to connect with content wherever they are, whenever they want. With a vibrant smartphone business and by gaining access to important strategic IP, notably a broad cross-license agreement, our four- screen strategy is in place. We can more rapidly and more widely offer consumers smartphones, laptops, tablets and televisions that seamlessly connect with one another and open up new worlds of online entertainment. This includes Sony's own acclaimed network services, like the PlayStation Network and Sony Entertainment Network," said Sir Howard Stringer, Sony's Chairman, Chief Executive Officer and President. Mr Stringer also noted that the acquisition will afford Sony operational efficiencies in engineering, network development and marketing, among other areas. "We can help people enjoy all our content - from movies to music and games - through our many devices, in a way no one else can." 

I think this is a good move by Sony if they can execute better. Sony needs to up their game in the smartphone and tablet segments. Their new Tablet S looks neat, but is not a challenge for the iPad. 

Updates

Fiserv creates iPad app for U.S. Bank

Source: Milwaukee Journal Sentinel

Fiserv Inc. announced last week it has created an iPad app for U.S. Bank - the first of many tablet apps the Brookfield financial technology company expects to sell to banks and credit unions as more consumers gravitate to the mo ...
Full article at: Milwaukee Journal Sentinel  More like this  6 hours ago, 4:46pm CDT

Sony: Upgrade-Pläne für Android 4.0

Source: Hartware.net

Sony hat seine offiziellen Update-Plδne bezόglich des Betriebssystems Android 4.0 fόr Smartphones verφffentlicht. Die Xperia Ray und Neo V sind bereits versorgt. Die Xperia Arc, Neo, Mini, Mini Pro, Active und Sony Ericsson Live mit Walkman will Sony ...
Full article at: Hartware.net  More like this  9 hours ago, 2:10pm CDT

Cisco Cius sees us no more

Source: The Register

Cisco will no longer invest in the Cisco Cius tablet form factor, and no further enhancements will be made to the current Cius endpoint beyond what’s available today. However, as we evaluate the market further, we will c ...
Full article at: The Register  More like this  10 hours ago, 12:38pm CDT

Don't miss ...

• More Technology News Stories
• I4U News Homepage