The Sony Ericsson Break-up : Now Sony Mobile Communications

Sony Ericsson had been a poor performance this past quarters, it has been announced before that Sony will finally acquire Ericsson's 50% stake on Sony Ericsson partnership. And the divestment has now finally completed.

Press Release:

"Ericsson has today
completed the divestment of its 50 percent stake in Sony Ericsson Mobile Communications AB ("Sony
Ericsson"), including the broad IP cross-licensing agreement, jointly announced by Sony Corporation ("Sony") and Ericsson on October 27,
2011.

This makes Sony Ericsson a
wholly-owned subsidiary of Sony. The agreed cash consideration for the
transaction is EUR 1.05 billion. Ericsson's gain on the transaction will be approximately SEK 7.5 billion and will be reported in the first quarter result on April 25, 2012, as 'Other
operating income' in the income statement."

source: Sony