Sony today announced it has completed the buyout of Ericsson's 50 percent stake in Sony Ericsson. The buyout, announced by both companies on October 27, 2011, means the new company will become a fully-owned subsidiary of Sony and will be called "Sony Mobile Communications".
The move is expected to give Sony a boost in integrating its mobile phone & gaming console portfolios. It will allow Sony to compete with the likes of Apple's iPhone which gives users a seamless experience on a single device.
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