Ericsson, Sony handset venture reportedly to include production
LONDON (AFX) - The expected handset venture between LM Ericsson AB and Sony Corp will include production, the Wall Street Journal reported, citing people familiar with the matter. The London-based venture's chairman will be Ericsson's chief executive officer, Kurt Hellstroem, and its chief executive the head of Sony's handset division, the newspaper said. Expected to be named Sony Ericsson, it will produce, develop and market mobile-phone handsets, the Journal added. Earlier, the Financial Times said production will be excluded. Both newspapers expect the venture to be unveiled today.
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