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Sony in talks to buy Ericsson out of phone JV

07/10/2011 - 5:38

HELSINKI/TOKYO (Reuters) - Sony Corp is in talks to buy Telefon AB LM Ericsson out of their 50:50 joint venture, a source with direct knowledge of the matter told Reuters on Friday.

Another source had told Reuters in July that talks about a takeover were under way ahead of the end of the two firms' contract this month.

(Reporting by Reiji Murai and Tarmo Virki; Editing by Chris Gallagher)