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Sony Nears Deal to Buy Ericsson’s Joint-Venture Stake, WSJ Says

Sony Corp. is getting closer to an agreement to buy Ericsson AB’s stake in their mobile-phone venture, the Wall Street Journal reported, citing people familiar with the matter.

The talks between the two companies, which held regular discussions in recent years about the ownership structure of Sony Ericsson Mobile Communications AB, may still fail, the newspaper said. Ericsson spokesman Ola Rembe and Sony Ericsson spokeswoman Holly Rossetti declined to comment. Sony’s spokesmen in Japan couldn’t be reached outside regular office hours.