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We all [saw it coming](http://www.engadget.com/2011/10/06/sony-nearing-deal-to-move-cellphone-operations-in-house-buy-out/) and, sure enough, it's finally happened. After all the [rumors](http://www.engadget.com/2011/10/06/sony-nearing-deal-to-move-cellphone-operations-in-house-buy-out/) and [opaque comments](http://www.engadget.com/2011/10/20/sonys-kazuo-hirai-liveblog-from-asiad/), Sony has just bought out Ericsson's share of Sony Ericsson, effectively assuming ownership of the entire venture. Ericsson confirmed the buyout this morning, adding that it will receive a cash consideration of €1.05 billion in exchange for its 50 percent stake. The agreement also gives Sony an IP cross-licensing agreement and ownership of "five essential patent families" pertaining to wireless tech. The separation won't be finalized, however, until January 2012, pending regulatory approval. Find more details in the full PR, after the break.
[Thanks to everyone who sent this in]
Continue reading Sony buys out Ericsson’s stake in joint venture, assumes ownership
Sony buys out Ericsson’s stake in joint venture, assumes ownership originally appeared on Engadget on Thu, 27 Oct 2011 03:02:00 EDT. Please see our terms for use of feeds.
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