Sony announced today that it plans to acquire Ericsson's share of Sony Ericsson. With this, Sony Ericsson will become a wholly owned subsidiary of Sony and integrated into Sony’s platform of network-connected consumer electronics. Ericsson will receive EUR 1.05 billion cash payment. Lastly, Sony announced plans to create a "wireless connectivity initiative" with Sony Ericsson to drive connectivity across multiple platforms.
Source: Sony Tokyo