Ericsson looking to dump cellphone business: Sony to buy it's stake on SE

This one definitely falls into the unconfirmed rumors category for the time being, but a German magazine is reporting Ericsson has had enough of the consumer cell phone game. According to the report, Ericsson is looking to dump its stake in the company’s joint venture with Sony, Sony Ericsson, and stick to what it does best — infrastructure, back end network components and the like. The magazine also states that Sony may be toying with the idea of picking up Ericsson’s share of the JV and controlling 100 percent of the company. We’re not sure how the struggling Japanese manufacturer plans to scrape up enough cash for a deal like this but where there’s a will (and an electronics empire) there’s a way. It will definitely be interesting to see how this one plays out as it would certainly be the end of an era. An Ericsson rep declined to comment on the story