Ericsson has today completed the divestment of its 50 percent stake in Sony Ericsson, including the broad IP cross-licensing agreement, jointly announced by 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 SEK7.5 billion and will be reported in the first quarter result on April 25, 2012,as 'Other operating income' in the income statement.
