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Sony to buy out Ericsson from joint mobile venture

07/10/2011 - 9:08am GMT
xperia play - Sony to buy out Ericsson from joint...

Rumours suggest that Sony is looking to buy out Ericsson from its joint mobile venture, giving the PlayStation manufacturer complete control over the Sony Ericsson Xperia Play - the first PlayStation certified smartphone.

According to the Wall Street Journal,, Sony is looking to hand over between $1.3 and $1.7 billion in the takeover.

Should the deal go ahead, Sony can begin to throw its weight around in the smartphone sector, supporting the PlayStation Portable, Vita, PC and tablet businesses.