Sony to take over Sony Ericsson, pays $1.47 billion
This is some big news; Sony has announced that it will take full control of mobile phone maker Sony Ericsson from Swedish telecoms equipment maker Ericsson. Sony has come to terms and has agreed to buy 50% of the firm for $1.47 billion. With this Sony Ericsson will be completely owned by Sony and will fall under their various line of consumer electronic products.
So will this be a big impact on the phone manufacturing company? Well, we’ll keep you updated on this.