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Sony plans Ericsson buyout, promises more PSN-connected devices

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Sony plans Ericsson buyout, promises more PSN-connected devices

After years of courting, Sony has announced plans to buy Ericsson's shares of Sony Ericsson, making it a wholly owned subsidiary of the company. The deal cost 1.05 billion euros (approximately $1.5 billion) for Ericsson's 50% stake in the company. This will allow Sony to assume total control over its smartphone portfolio.

Sony cites the move as a step towards connectivity across multiple platforms. The company has already announced PlayStation Suite, to bring PlayStation content to Android devices. The recently launched Xperia Play was the first PlayStation certified phone, and today's announcement will likely lead to more fully-integrated offerings.

Read more: Sony moving towards mobile connectivity ยป

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