A press release has announced the partnership of BlackBerry Limited with LG Electronics Inc. for a major new project. The aforementioned brands are recognisable for their consumer grade electronic products. However, the new project that is being spearheaded by the two companies will encompass the automobile industry, namely self-driven (autonomous) cars.

Historically, LG and BlackBerry were popular smartphone brands. The companies were critically acclaimed worldwide for their handsets, including India. The onset of the smartphones industries tech race had rendered BlackBerry and its business-centric devices obsolete. LG faired much better in comparison but has also [...]

The big split is finally, final. Sony and Ericsson have finally spilt up, to name the new company Sony Mobile Communications. Sony has finally taken over Telefonaktiebolaget LM Ericsson’s 50-percent stake in the pair’s former joint venture, reported to have cost €1.05 billion ($1.37 billion). The reports of this split started to appear in the last months of 2011.

PRESS RELESE : 

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 [...]

The court of MiddleSex  has announced a Divorce b/w Sony and Ericsson and the latter has till the mid of 2012 to clear out their stuff and vamoose. Sony Ericsson will be renamed Sony in mid 2012 as apart of a merger break up decided earlier this year. Sony Vice President Kristian Tear said that the company will have a “‘fierce” advertising campaign to push the brand back into the eyes of the consumer.

[Times of India]

Rumors are all out, and put to an end. Sony has confirmed that it will buy out its stake from the JV of Sony Ericsson for a whopping €1.05 billion in exchange for its 50 percent. This will give Sony full ownership of the company soon to be rebranded worldwide. This will also enable the company to have a more systematic alignment with the arsenal of tablets and PCs it plans in the future.

The buyout will also give IP cross-licensing agreement and ownership of “five essential patent families” to ensure they stay in the mobile phone business. The separation will be finalized in Jan 2012.