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Sony reportedly buying out Ericsson stake in Sony Ericsson

Zach Epstein
October 6th, 2011 at 5:30 PM

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.

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Zach Epstein

Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.




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