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Ericsson Planning to End Sony Ericsson Partnership

March 18th, 2009 · Source [Manager-Magazin] · No Comments

According to a German news source that cites people familiar with the matter, Ericsson is looking to end its participation in the Sony Ericsson joint venture. It has approached Sony about the issue, and Sony has expressed interest in acquiring Ericsson’s 50% stake in the joint venture, though it doesn’t currently have the cash to do so. The two companies are still exploring options and no final deal or announcements have been made.

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  • Tags: In The News · Sony Ericsson

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