Sony, with a $1.47bn check, just bought back its destiny. In agreeing to buy out Ericsson’s 50-percent stake in the Sony Ericsson smartphone partnership, the Japanese company brings to an end a decade of collaboration; more importantly, though, it buys the opportunity for Sony to come up to speed with its rivals and – if it leverages its strengths correctly – overtake Samsung, LG and even Apple in the consumer electronics market. “We can more rapidly and more widely offer consumers smartphones, laptops, tablets and televisions” CEO Howard Stringer promised in the announcement, “that seamlessly connect with one another and open up new worlds of online entertainment.” Big words, but Sony is one of the few companies that could ever deliver on them.

Read The Full Story