Cell Phone News

European Union approves Sony Ericsson, Motorola deal

By Will Park on Thursday, December 13th, 2007 at 1:48 PM PST In Announcements, Financial/Corporate News, Motorola, Partnerships, Sony Ericsson, Symbian

Sony Ericsson and Motorola UIQ deal approved by European UnionMotorola has been poised to take a 50% stake in Sony Ericsson (NYSE: SNE)’s mobile OS, UIQ, for some time now. Motorola (NYSE: MOT) wants to be half-vested partners in Sony Ericsson’s UI Holdings BV, the parent company of UIQ Technology AB. The last obstacle keeping Moto from sharing the UIQ limelight with the Japanese Swedish venture was the European Union’s approval of the partnership deal.

Well, Moto just got some good news in the EU’s greenlighting of the deal with the European Commission’s blessing. The EC found no antitrust tie-ups with the deal and has given the go-ahead for Motorola buy into UI Holdings and should clear the way for more innovative UIQ offerings from the mobile phone manufacturing duo.

We can’t wait to see what Motorola and Sony Ericsson will bring in 2008.

[Via: AP]

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One Comment on “European Union approves Sony Ericsson, Motorola deal”

  1. William says:

    Excellent! UIQ will rock!

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