• VIDEOS
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Election 2020 Results
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Photos
Local News
 
 
 
Home Business Business News 201110

Sony Buys Sony Ericsson

28-Oct-2011
/ Business News, Business
Email
Print
Comments 0
(0)
Comments
Share on Facebook Share on Twitter
 

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.

Sony will get the five sets of patents that are essential to making the phones and a licensing agreement on any other intellectual property.Many observers expected this deal because Sony wanted to integrate its phone division with its mobile games machine and tablet computer units.

"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," said Sony's chairman Sir Howard Stringer.

Earlier this month, Sony Ericsson broke even in its third quarter and announced it would focus on smartphones from 2012.

The company said its Xperia smartphones accounted for 80% of its sales. The handsets run Google's Android operating system.

Analysts said Sony had proved resistant to sharing its brands and other assets with the joint venture, explaining why it took until this year for PlayStation games to be offered on any of its handsets.


BBC

Source: bbc

 

 
 

 

Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

Govt Goes After Mining Companies

Next Post

Canada And UK Governments To Support Ghana

 
 

More Stories

Standard Chartered Holds First Draw Of Season Of Surprises Campaign
Cape Coast Being Marketed In Germany - PHOTO
Price Of Eggs Goes Up
Registrar-General: Make Transactional Payments In Bank’s Draft
Allianz Life Insurance Launches Eduflex Plan
Elon Musk Falls To 2nd Richest Person In The World After His Fortune Falls By $14 Billion In One Day
Gruesome: 22-Yr-Old Student Kills His Parents, Brother, Cousin And A Worker
Africa's Richest Man Dangote Reportedly Losses $900 Million In Just 24 hours
Asharami Energy Appoints Menkiti As COO To Drive Enhanced Production Target
Next Post

Canada And UK Governments To Support Ghana

  Ghana Business News

  • General News
  • Economy
  • Banking & Finance
  • Stock Market
  • Industry/Manufacturing


 
 

Other Business News Stories

  • Standard Chartered Holds First Draw Of Season Of Surprises Campaign

  • Cape Coast Being Marketed In Germany - PHOTO

  • Price Of Eggs Goes Up

  • Registrar-General: Make Transactional Payments In Bank’s Draft

  • Allianz Life Insurance Launches Eduflex Plan

  • Elon Musk Falls To 2nd Richest Person In The World After His Fortune Falls By $14 Billion In One Day

  • Gruesome: 22-Yr-Old Student Kills His Parents, Brother, Cousin And A Worker

  • Africa's Richest Man Dangote Reportedly Losses $900 Million In Just 24 hours

  • Asharami Energy Appoints Menkiti As COO To Drive Enhanced Production Target

  • Fidelity Bank Ghana Awards Best Performing Agents

 

 
 

Popular Videos

Lawyer Abraham Amaliba Speaks On Assin North MP Dual Citizenship Case

Menzgold: Bulldog 'Exchange Words' With Afia Schwarzenegger

Bulldog Arrest: No One Arrested Nana Addo When He Was Chanting ‘All Die Be Die’

We Don't Have Money But We Slept At Marriott Hotel For Strategic Reasons – NDC MP

What Is Wrong For Someone To Send Someone To Ask For Your Contact? - Arnold Blasts Lydia Forson

Gloria Akuffo, Atta Akyea, Others Who Must Be Given The RED Card Under Akufo-Addo

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Online Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media