The European Union has officially approved Sony’s buyout of Ericsson for ownership of the Sony Ericsson joint venture. The deal, which was announced in late October, will give Sony control of the company’s phone development, and — perhaps more importantly — full rights to the company’s patent portfolio. Despite the wait for approval, Sony has already started rebranding products, with the Xperia S and Xperia Ion bearing only the Sony name. Given that Sony Ericsson posted a €247 million loss last quarter, however, there have certainly been better times to take control. We’ll see if Sony can pull the company back into the black over the course of this year.
EU approves Sony buyout of Ericsson
The European Union has approved Sony’s buyout of Ericsson’s share in the joint Sony Ericsson venture.
The European Union has approved Sony’s buyout of Ericsson’s share in the joint Sony Ericsson venture.
is a senior tech and policy editor focused on online platforms and free expression. Adi has covered virtual and augmented reality, the history of computing, and more for The Verge since 2011.
Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.
Most Popular
Most Popular
- The Apple Watch Series 12 is the start of a new wearable era
- The 2.5-hour AI-generated Odyssey movie is 2.5 hours too long
- OpenAI and Microsoft knew they were starting a ‘doom loop’ for the web
- The iPhone 18 Pro’s big camera update is all about the small gains
- This cartridge-playing Game Boy clone is smaller and cheaper than Analogue’s Pocket
