Hi all,

FYI....see link.

Take care,

Jay

October 27, 2011, 6:02 am
Mergers & Acquisitions
Sony to Buy Ericsson’s Stake in Handset Venture for $1.5 Billion
By KEVIN J. O'BRIEN

Manu Fernandez/Associated Press

Sony to Buy Ericsson's Stake in Handset Venture for $1.5 Billion - NYTimes.com

Sony Ericsson’s slide-out phone, Xperia Play, has also become known as the PlayStation Phone.
Ericsson of Sweden said on Thursday that it had reached an agreement to sell Sony its stake in the struggling cellphone joint venture Sony Ericsson for 1.05 billion euros ($1.5 billion), retreating from the mobile handset business now dominated by heavyweights like Apple, Google and Nokia.