Sony Ericsson has become a wholly-owned subsidiary of Sony and will be renamed Sony Mobile Communications. Sony today announced that the transaction to acquire Telefonaktiebolaget LM Ericsson's 50% stake in Sony Ericsson has been completed.

This marks the completion of the transaction jointly announced by Sony and Ericsson on October 27, 2011, and makes Sony Ericsson a wholly-owned subsidiary of Sony.

Sony will also rename Sony Ericsson "Sony Mobile Communications", and further integrate the mobile phone business as a vital element of its electronics business, with the aim of accelerating convergence between Sony's lineup of network enabled consumer electronics products, including smart phones, tablets, TVs and PCs.