Friday, October 7, 2011

Sony nearing deal to move cellphone operations in house, buy out Ericsson's half

Sony nearing deal to move cellphone operations in house, buy out Ericsson's half

Sony is getting tired of sitting idly in sixth place in the battle for cellphone supremacy. Sure, there have been a few noteworthy devices from the company's joint venture with Ericsson (i.e. the Arc), but for the most part it has struggled since its inception in 2001 to run with the alpha dogs. The Japanese manufacturer's new strategy involves buying out Ericsson's stake in the company and having its tablet, smartphone and handheld gaming units work closely together to develop future products.
According to the Wall Street Journal, a deal for the Stockholm company's half of the venture is nearing completion.

2DayBlog.com, Sony nearing deal to move cellphone operations in house, buy out Ericsson's half

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