Motorola Buys 50% of Sony Ericsson, Sort of

Motorola Buys 50% of Sony Ericsson, Sort of

37
0
SHARE

No, you won’t be seeing a Sony Ericsson RAZR or a Motorola Walkman any time soon, but the two companies are actually partnering up for a joint venture. UI Holdings BV is the parent company of UIQ Technology AB, the latter of which is wholly owned by Sony Ericsson. Well, Motorola wants a piece of the action, because they want to buy 50% of UI Holdings BV.

In effect, this would mean that Motorola would have a 50% interest in something that has direct control over a portion of Sony Ericsson’s operations. Luckily, the two phonemakers seem pretty happy with the agreement wherein they will “work together and jointly invest in the development of the UIQ open user interface platform.”

Sony Ericsson and Motorola want to advance UIQ as “a strong, independent cross-vendor user interface for smartphones and media-centric phones.” UIQ-based phones you may have seen before include the Sony Ericsson W960 Walkman phone and the Motorola MOTO Z8.

LEAVE A REPLY