Ericsson Sells Sony Ericsson Stake to Sony

Ericsson has decided to sell all its 50% share in Sony Ericsson to Sony, ending their ten year partnership, for EUR1.05 billion cash. Ericsson is getting a good price for their stake.

This is not an unexpected move. In fact, it makes sense to both companies. Once this goes as plan, Sony will have full control of the company and in decision-making wise, it will be easier for the company. Meanwhile Ericsson, with their new wealth, will focus on the global wireless market, where wireless connectivity will benefit people, business and society.

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