Connected Home Ambitions Drive Sony's Buy-out Of Sony Ericsson

Japanese consumer electronics manufacturer Sony Corporation is close to buying out its partner in handset venture Sony Ericsson Communications, the Wall Street Journal reports. The deal could be worth up to EUR1.25bn and consummated before the end of 2011. CFW believes that Sony has finally recognised the importance of smartphones to its 'connected home' strategy, but we caution that this move should have been made much sooner and that Sony might find itself unable to catch up with rivals as a result.

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