Sony Buying Out Sony-Ericsson For $1.47 Billion

After a decade of doing business together, Sony announced today that it plans to completely buy out Ericsson’s share of Sony-Ericsson mobile for $1.47 billion.

The purchase mainly consists of the “five essential patent families” that Ericsson’s division has held. The deal opens up the opportunity to use those patents in other Sony devices.

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