Sony to take full control of Sony Ericsson
Sony Corp. will take full control of handset maker Sony Ericsson, ending a decade-old tie-up with Telefon AB LM Ericsson of Sweden in a move to boost the Japanese company's strategy to connect its mobile-gadget offerings with an online network of music, videos and games.
Swedish telecom equipment maker Ericsson said yesterday it would sell its 50-per cent stake in mobile phone joint venture Sony Ericsson to Sony for 1.05 billion euros.