Sony Ericsson plans to buy back shares

Publisher Wall Street Journal reported that representatives from Sony are in talks to buy back shares of Telefon AB LM Ericsson, which will make major Japanese corporation and the sole owner of the joint business Sony Ericsson. Handset maker Sony Ericsson was established in 2001, when the company's Sony Corp. and Telefon AB LM Ericsson have agreed to conduct joint business in the region equally. As a result, Sony Ericsson has attracted supporters of both brands, and also provided an influx of new customers who have long maintained their loyalty. Even now, when Sony Ericsson loses money and is forced to reduce production, it is the sixth in the world's leading producer of mobile phones. By its own estimates the company also controls 11% of the market all the Android-smartphone. The decision of company management fully redeem the company Sony Sony Ericsson may be associated with a desire to consolidate the development of mobile devices. At present the company in the development of tablets, game consoles and other devices, faced with the fact that in many respects look stylish and iconic model, the company Apple, which compete for the Sony has proved difficult. Information about this development has been obtained from sources close to the negotiations. It is worth noting that the Wall Street Journal is not only often gets an exclusive and reliable information, but wrong in the predictions, as happened with the information concerning the submission of iPhone models in 2011.