(Updated with end of basic phones) Sony has announced it has acquired Ericssonís interest in what had been their ten-year old joint mobile phone venture. Previously rumored, the move ultimately came at a cost of €1.05 billion ($1.47 billion) as Sony bought Ericssonís 50 percent stake in the company. The purchase also grants Sony access to what it calls a broad IP cross-licensing agreement and ownership of ìfive essential patent families.î
