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Akvod on 09 April 2013
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sales2099 said:
Akvod said:
sales2099 said:
DirtyP2002 said:
sales2099 said:

Sooo Sony gave the Xbox division more money? Sony owns Ericcson right?


No!

 

Ericsson is a European company that happened to have a joint-venture with Sony.
Sony bought Ericssons 50% of that joint-venture.

Ericsson is a swedish company. And a pretty big one. Ericsson is worth 40 billion USD.Sony is at 17 billion USD.

I dont get it, you just told me that Sony and Ericsson held 50% a piece. You say Sony bought theirs, effectively having 100% now. How is that not full ownership?


http://en.wikipedia.org/wiki/Subsidiary

Ah. So I guess my next question, does Ericssons quarterly statements impact Sonys in any way?

?

Does Sony have any interest/stake in Ericssons?

Well, if they did, they'll probably have a lot less than 20%, so they'll only report dividend revenue. http://en.wikipedia.org/wiki/Equity_method

If you're talking about Sony Ericcson (now Sony Mobile Communications http://en.wikipedia.org/wiki/Sony_Mobile_Communications ) then their results are consolidated into Sony's financial statements. That is, it's one company. There is no Sony Ericsson quarterly statement.