Composition of The Shareholding
Nortel paid $ 145 million for 50% stake plus one share, with LG Electronics taking the balance.
Now, with the recent bankruptcy of Nortel, it has sold its 50% plus one share to LM Ericsson for $242 million.
Recently, 22nd March 2012, Ericsson purchased a further 50% of LG Electronics shares, taking its total holding to 75% plus one share.
Read more about this topic: LG-Ericsson
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