Last few days there were lot of rumors about it but now it’s official, Sony is indeed taking full control of Sony Ericsson. With this acquisition Sony won’t be just the sole owner, but will also take ownership of five wireless technology patent families.
Ericsson will receive €1.05 billion as part of the deal.
The deal to buy out its Swedish partner will enable Sony to better integrate smartphones and other devices with its array of content, from its music label whose stars include Beyonce and Britney Spears, its movie studio whose current hits include Spider Man and Anonymous and its Playstation video games such as Legends of Norrah.
If the acquisition is approved, it will be finalized in January 2012.
