Ericsson Looking to Exit Sony Ericsson Joint Venture

Sweden-based telecommunications firm Ericsson is looking into backing out of its Sony Ericsson joint venture, the German magazine Manager reported on Wednesday. According to the report, Sony has "expressed interest" in seeking out banks to help it purchase Ericsson's 50% stake in the company. Electronista reports that Ericsson and Sony have frequently been rumored as fighting each other over the future direction of phones. Sony has allegedly refused to compromise on developing a PlayStation phone and has increasingly taken control of its phones' design directions, such as with the XPERIA X1.

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