Sony today announced that its acquisition of Ericsson’s share in their joint venture is officially complete. It will rename its new wholly-owned subsidiary Sony Mobile Communications and will “further integrate the mobile phone business as a vital element of its electronics business, with the aim of accelerating convergence between Sony’s lineup of network enabled consumer electronics products, including smart phones, tablets, TVs and PCs.”
Bert Nordberg, formerly President of Sony Ericsson, has been named President and CEO of Sony Mobile Communications AB. The new company has roughly 8,000 employees. Its principal business will remain the “design, development, manufacture and sale of mobile phone products.”
Read more: Sony