EU approves Buyout of Sony Ericsson

The European Union has officially approved Sony’s buyout of the Ericsson part of their joint venture with Sony Ericsson, to retain complete ownership of the company.

The detail was announced back in October, but now Sony has control of phone development and full rights to the company’s entire patent portfolio possibly. Sony already started the rebranding a little early, releasing the Sony Xperia S and Sony Xperia Ion at CES that did not bear the Ericsson name.

The company posted a €247 million loss last quarter, so hopefully this is a sign of better times for Sony.

Reuters

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Clinton Jeff

Clinton is currently based in New Delhi, India and is executive editor for UnleashThePhones. He is responsible for all editorial decisions, and covers all forms of Mobile and mobile-related accessories. Cj is addicted to caffeine, social media, and technology. Always up for a good conversation, you can reach him through the contact form, his website, on Google Plus or on Facebook or Twitter: Follow @clintonjeff

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