Sony to Buy Ericsson Out of Joint Venture for $1.47B
Sony today announced that it is going to purchase Ericsson's share of the two companies' Sony Ericsson cell phone joint venture for $1.47 billion. Once the purchase is complete, Sony Ericsson will become a wholly-owned subsidiary of Sony, which intends to integrate the handset division into its other consumer electronics products. As part of the deal, Sony gains five essential patent families related to wireless technology, and also struck a cross-licensing agreement with Ericsson concerning other, non-essential patents. The transaction has been approved by the boards of both companies, and is expected to close in January 2012, pending regulatory review. The joint venture originally launched in October 2001.
Nov 13, 2018
Essential Products today said the magnetic snap-on headphone jack it announced over the summer is available for the Essential Phone. Like existing Essential Phone accessories, the 3.5mm headphone jack is a modular attachment that affixes to two small poles on the rear of the phone.
Jan 8, 2021
Motorola today unveiled a full lineup of four new affordable phones, including three g-series models ranging from $169 – $299 and one 5G model for $399. All four feature large batteries (4,000 – 5,000 mAh) and large displays (6.5 – 6.8 inches).
Dec 31, 2018
Essential Products confirmed that its first mobile device, the Essential Phone, is no longer available. "We are sold out of Essential Phone on essential.com and won’t be adding any new inventory," said Essential in a statement provided to Droid-Life.
Jul 25, 2019
Apple has agreed to pay $1 billion for the majority of Intel’s smartphone modem business. The deal includes approximately 2,200 Intel employees, along with associated equipment and leases.