Sony is buying Ericsson's share in Sony Ericsson

So, the rumors from the last few days turned out to be true and Sony is indeed taking full control of Sony Ericsson. With this acquisition Sony won't be just the sole owner, but will also take ownership of five wireless technology patent families.

Sony and Ericsson have also entered into a cross-licensing agreement for a broad intellectual property, but there is nothing more beyond that.

Ericsson will receive €1.05 billion as part of the deal.

Sony takes this step so it can fully focus with the integration of its mobile phones with the Sony's tablets, laptops, TVs and gaming consoles as well as integration with the PlayStation Network (PSN) and Sony Entertainment Network.

If the acquisition is approved (both regulatory and by the "decision-making bodies of both companies"), it will be finalized in January 2012.