For a while now, Sony and Ericsson have teamed up to run a mobile phone company. That company released the Xperia Play, a device we used to call the PlayStation phone. Today, Ericsson is selling up to Sony.
This means the company, once a joint venture, will become a 100 per cent Sony-run operation, which has important ramifications for the PlayStation business. Why?
As explained when this was first a rumour, the Xperia Play is a half-arsed device because Sony Ericsson was a half-arsed company. Now that it's a full-arsed company, completely run by Sony, we might one day get a proper PlayStation Phone after all.
The deal will be completed in January 2012. Ericsson is selling up for €1.05 billion ($1.4 billion).