Sony takes over handset biz from Ericsson JV
Keywords: mobile phone handset joint venture
[Summary of tips] Sony Corp. is buying out the 50 per cent stake of Telefonaktiebolaget LM Ericsson (Ericsson) in their mobile joint venture (JV), Sony Ericsson, amounting to Rs.6,591.93 crore ($1.47 billion). The mobile handset business will now be a wholly-owned subsidiary of Sony.The transaction is said to give Sony an opportunity to rapidly ......|
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