Buyout deal is done
We heard last year that Sony wanted to buyout Ericsson's portion of their mobile phone venture. This was seen to be a good thing for Ericsson because the firm was losing money in many parts of its business and needed funds. Sony wanted to bring its mobile phones in house along with all of its other electronic devices.
Regulators have now signed off on the deal, and it is apparently now complete. Sony Ericsson is out and the new company is called Sony Mobile Communications. I wonder when we'll see the first smartphone wearing the Sony name alone. Sony is expected to continue focusing mostly on Android for its smartphones.
I'm sure we can expect to see some smartphones running Windows Phone come from Sony as well. It will be interesting to see what Sony can do, its share the smartphone market hasn't been that great in the last year or so.