Printed from http://www.electronista.com

Sony buying out Ericsson stake in Sony Ericsson?

updated 12:05 pm EDT, Wed March 18, 2009

Sony Buying Ericsson Stake

German magazine Manager claimed on Wednesday that Ericsson plans to back out of phone maker Sony Ericsson. The Swedish half of the partnership has reportedly brought up a split with Sony, which has "expressed interest" in talking to banks for help buying out Ericsson's 50 percent stake and leaving Sony in full control of the company.

The likelihood of a deal going through is called into question by Sony's health in the current economic crisis. It recently posted its first loss in 14 years and so might not have the resources or justification needed to make such a larger purchase. Questions have also been raised regarding the likely success of a Sony-only phone company.

Why Ericsson might look to back out of Sony Ericsson isn't mentioned, though it and Sony have frequently been rumored as fighting each other over the future direction of phones. Sony has allegedly refused to compromise on developing a PlayStation phone and has increasingly taken control of its phones' design directions, such as with the XPERIA X1. [via Mobile Burn]



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

SMS Audio Sync Sport on-ear headphones

When hitting the gym or going out for a trail run, headphones can cause a number of problems. From the ear buds getting slimy with swe ...

Adesso Xtream S3B Bluetooth speaker

Finding a speaker purpose-built for a specific need is challenging. Even when a Bluetooth speaker can be paired with a mobile device, ...

JBL Synchros E40BT headphones

For all the different configurations of headphones on the market, it's always a tough choice for buyers to get something that is just ...

Sponsor

toggle

Most Commented

 
toggle

Popular News