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Sony to Acquire Ericsson's Share of Sony Ericsson

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27 Oct 2011 08:13 Africa/Lagos Sony to Acquire Ericsson's Share of Sony Ericsson LONDON, October 27, 2011/PRNewswire/ -- - Sony Ericsson to become a wholly-owned subsidiary of Sony and integrated into Sony's broad platform of network-connected consumer electronics products - The transaction also provides Sony with a broad IP cross-licensing agreement and ownership of five essential patent families - Ericsson to receive EUR 1.05 billion cash payment - Sony and Ericsson to create wireless connectivity initiative to drive connectivity across multiple platforms Sony Corporation ("Sony") and Telefonaktiebolaget LM Ericsson ("Ericsson") today announced that Sony will acquire Ericsson's 50 percent stake in Sony Ericsson Mobile Communications AB ("Sony Ericsson"), making the mobile handset business a wholly-owned subsidiary of Sony. The transaction gives Sony an opportunity to rapidly integrate smartphones in...

Samsung Galaxy Phone Banned In 32 European countries

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The latest Samsung Galaxy Xcover The Huffington Post has just reported that Samsung Galaxy Phone has been banned in 32 European countries after Apple won a preliminary injunction in a Dutch court preventing Samsung from selling its Galaxy smart phones in Europe. But the court cleared Samsung of copying the Apple iPad in its design of the best selling Galaxy Tab 10.1 tablet that is popular in Nigeria and other countries worldwide. Apple filed a 44-page complaint claiming that Samsung Galaxy tablet is an unlawful duplication of Apple iPad, an infringement of Apple's “design patent” in the United States. Tweet