Sweden’s Ericsson has agreed to sell its stake in the struggling cellphone maker Sony Ericsson to Sony for $1.5 billion in a final retreat from the mobile handset business.

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DealBook: Sony to Buy Ericsson’s Stake in Handset Venture for $1.5 Billion

STOCKHOLM — LM Ericsson AB will sell its 50 percent stake in mobile phone maker Sony Ericsson to Sony Corp. for €1.05 billion ($1.46 billion) in cash, the Swedish wireless equipment firm said Thursday. Ericsson said Sony Ericsson will become a wholly owned subsidiary of Sony and integrated into Sony’s broad platform of network-connected consumer electronics products. Read full article > >

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Ericsson sells its 50 percent stake in joint venture Sony Ericsson to Sony Corp. for $1.46 bn

Sony Corp is to buy full control of the Sony Ericsson mobile phone venture from Ericsson, both partners said on Thursday, as it seeks to catch up smartphone rivals such as Apple Inc while boosting its consumer products range.

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Sony Buys Full Control of Sony Ericsson

Air France-KLM is sued by hundreds of European companies, led by Ericsson, over claims it fixed cargo prices.

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