Sony (SNE) Trades Higher Following Sony Ericsson Buyout; Shares Up 4.5%

October 27, 2011 9:36 AM EDT
Sony (NYSE: SNE) has started off stronger following reports it will buy out Ericsson (Nasdaq: ERIC) from it's 50 percent ownership in Sony Ericsson (SE) joint venture. Sony will pay €1.05 billion for the consideration.


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