Sony to acquire Ericsson’s 50% share in Sony Ericsson for US$1.47bn

After rumours hinting at the deal, Swedish telecommunications company Ericsson is pulling out of the Sony Ericsson joint venture formed ten years ago with Sony. Sony is to acquire its 50% stake in the company in a deal worth EUR1.05 billion (US$1.47 billion/AU$1.40 billion).

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