View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Software
October 7, 2011

Sony in talks to buy Ericsson out of phone venture: report

To integrate its smartphone operation with its tablet, game console and PC units 

By CBR Staff Writer

Tokyo-based electronics company Sony is reportedly planning to buy out Swedish telecom firm Ericsson’s stake in the mobile phone joint venture they have operated since 2001.

According to a report from the Wall Street Journal, Sony-Ericsson has fallen behind competition in making the transition from feature phones to smartphones. Sony aims to integrate its smartphone operation with its tablet, game console and personal computer units.

The company hopes gaining full control of the 50-50 partnership will result in cost savings as well as improved development of mobile devices, said the report.

The WSJ said that Sony’s inability to oversee mobile-phone development directly has become a hindrance in the development of modern phones.

Sony chief executive Howard Stringer wants to settle the matter as soon as possible, said the report.

Earlier, Stringer had said about the JV, "We talk a lot about this and we continue to talk."

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.