SONY announces €1.05 billion SONY Ericsson buyout plan

It looks like the end of an era is upon us. SONY made the announcement today that they have purchased Ericsson’s 50 percent stake of SONY Ericsson for a cool €1.05 billion. The SONY Ericsson joint venture was established on October 1, 2001, and was meant to give the company a competitive advantage by combining ... Read More »