The move could help Sony gain in its battle against Apple (AAPL) and Samsung. Japan's Sony has been hurt by its disparate offerings of mobile gadgets and online content -- tablets, games devices and other consumer electronics are offered under the Sony brand, while smartphones are offered under Sony Ericsson, Reuters noted.
Sony and Ericsson have been talking for weeks about the future of the joint venture. They must decide this month if they will renew their 10-year-old agreement, two industry sources told Reuters.
A source told Reuters that Sony was discussing a buyout.An analyst at JPMorgan in Tokyo told Reuters the deal could be worth upwards of $1.3 billion. The Wall Street Journal reported on Thursday the talks between Sony and Ericsson were ongoing and could break up at any time. Both companies declines to comment on the discussions. -- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV