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80,259 News Articles

Sony to buy Sony Ericsson, turn into 100 percent subsidiary

The Japanese electronics maker says it will pay Ericsson €1.05 billion for its share of the business and related patents.

The third paragraph of the story "Sony to buy Sony Ericsson, turn into 100 percent subsidiary," posted Thursday, misstated the year in which Sony-Ericsson began operations. It began operations in 2001. The story has been corrected on the wire and the third paragraph now reads:

Sony has until now launched its smartphones through the joint venture, which began operations in 2001. The deal will allow it to integrate phones into its overall product lineup, as rivals such as Apple and Samsung do now, and better leverage its broad music and movie holdings.


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