16 Feb PRESS RELEASE February 16, 2012 Divestment of Sony Ericsson completed
PRESS RELEASE
February 16, 2012
Divestment of Sony Ericsson completed
•
The previously announced divestment of Ericsson’s share of Sony Ericsson to Sony,
including the broad IP cross-licensing agreement, completed on February 15, 2012
• Ericsson’s gain on the transaction will be approximately SEK 7.5 billion and reported as
‘Other operating income’
Ericsson (NASDAQ:ERIC) has today completed the divestment of its 50 percent stake in
Sony Ericsson Mobile Communications AB (“Sony Ericsson”), including the broad IP crosslicensing
agreement, jointly announced by Sony Corporation (“Sony”) and Ericsson on
October 27, 2011. This makes Sony Ericsson a wholly-owned subsidiary of Sony. The
agreed cash consideration for the transaction is EUR 1.05 billion.
Ericsson’s gain on the transaction will be approximately SEK 7.5 billion and will be reported
in the first quarter result on April 25, 2012, as ‘Other operating income’ in the income
statement.
NOTES TO EDITORS
Press release from October 27, 2011, about Sony to acquire Ericsson’s share of Sony
Ericsson: http://www.ericsson.com/thecompany/press/releases/2011/10/1558488
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PRESS RELEASE
February 16, 2012
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