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Sony to buy out Ericsson's share of Sony Ericsson?

18 March 2009 16:17 by Andre "DVDBack23" Yoskowitz | 7 comments

Although neither company has confirmed or denied the report, Manager-Magazin.de is writing that Sony is planning to buyout Ericsson's 50 percent stake of the Sony Ericsson mobile manufacturing joint venture.

Sony is currently talking to banks that will help finance the buyout and the rumor has been flying for months that Ericsson is willing to sell its stake in the venture.

The company was created as a way to "bring Ericsson's mobile experience and Sony's consumer electronics experience together for a successful line of cell phones." The company had been decently successful with its line of Walkman phones but recently announced Q4 2008 loss of $187 million EUR with more losses expected if the global recession continues.

Danske Bank of Denmark believes any deal made would cost Sony very little cash and could actually lose Ericsson money.

Permalink to this article | Topic: Phones

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Discuss this article!
xyqo (Senior Member) 19 March 2009 11:49
PSPhone anyone? [ + quote]
ooZEROoo (Senior Member) 19 March 2009 12:35
*Originally posted by xyqo:* PSPhone anyone? That would be nice. [ + quote]
keith1993 (Member) 19 March 2009 16:04
I've always bought Sony Ericssons and I think the key problem is that one of the key phone lines the K700>K750>k800 has been ruined by the pathetic K850 which has sold in very low numbers compared to its predecessors, when and if the K900/a decent touch phone/a pretty phone that's poorly made cough Samsung cough is rolled out the company might make up for its current money troubles so Sony should hang on before potentially loosing even more money [ + quote]
Memnock (Senior Member) 20 March 2009 12:12
*Originally posted by xyqo:* PSPhone anyone? Seriously, I would have faith in Sony once again if they came out with that. BTW I'd probably be waiting in line to get one. [ + quote]
voyager (Junior Member) 20 March 2009 15:39
If they want to suceed Sony Ericcson must be freedom friendly i mean not propietary for example the use of mini usb and sd card,micro sd card like the rest of the competition.I think this can help [ + quote]
borhan9 (AfterDawn Addict) 20 March 2009 16:37
All this is happening when my cousin and i are getting new sony erricson phones i hope all in all if this goes through the phone does not loose its quality because i am realativly new to this phone manufacturer after the crappy year i have had with my Nokia N95. I will not go into details about my nokia experience cause its in my blogs for all to read. I just hope it all works out for the best for the two companies. [ + quote]
gmontalc (Junior Member) 20 March 2009 23:23
WOW... It was about time that's happend... !!!, why took it so long? iPSP all the way... [ + quote]