Sony acquires Ericsson’s mobile interest in buyout

(Updated with end of basic phones) Sony has announced it has acquired Ericssonís interest in what had been their ten-year old joint mobile phone venture. Previously rumored, the move ultimately came at a cost of €1.05 billion ($1.47 billion) as Sony bought Ericssonís 50 percent stake in the company.

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Sony acquires Ericsson’s mobile interest in buyout