Saturday, October 29, 2011

Sony Takes Control of Ericsson for $1.5 billion.

Full Story: CS Monitor

Sony Ericsson Xperia

Sony, which had joined hands with the Swedish electronic giant Ericsson in 2001, has now taken full control of its partner for $ 1.5 billion.
"Its the beginning of something which I think is quite magical," Sony CEO Howard Stringer said at a press conference in London, according to Reuters. "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".

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