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Sony completes Ericsson stake buyout, runs phones itself

02/15, 11:40pm

Sony now controls phone strategy entirel

Sony at early Thursday Japanese time formally completed its buyout of Ericsson's stake in Sony Ericsson. The move now leaves Sony Mobile Communications as a completely Sony-owned company. Bert Nordberg would still be CEO of the mobile group, which it revealed had about 100 million euros ($130.3 million) in stated working capital.

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