Sony Corporation has completed the transaction to acquire Ericsson's 50 per cent stake in Sony Ericsson Mobile Communications AB (Sony Ericsson). With this move, Sony Ericsson has now become a wholly-owned subsidiary of Sony. Sony also said in a statement that it is now renaming Sony Ericsson as Sony Mobile Communications.
This marks the completion of the transaction jointly announced by Sony and Ericsson on 27 October 2011. 
"It 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," the company added.
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