Rumors of Sony’s plan to purchase Ericsson’s stake in the companies’ joint Sony Ericsson venture have come and gone over the years, but a new report claims the deed is nearly done. Sony is nearing a deal to take complete control of the cell phone vendor according to The Wall Street Journal, and analysts estimate that Ericsson’s 50% share of the JV could be worth between $1.3 billion and $1.7 billion. The report states that Sony intends to integrate the Sony Ericsson smartphone business with its tablet, gaming and computer operations in order to save on costs and create more complementary devices. Sony Ericsson reported a net loss of €50 million in the second quarter of 2011.
Sony reportedly buying out Ericsson stake in Sony Ericsson
Updated Dec 19th, 2018 7:31PM EST
If you buy through a BGR link, we may earn an affiliate commission, helping support our expert product labs.
Zach Epstein has been the Executive Editor at BGR for more than 15 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
