Wall Street Journal is reporting that Sony is coming close to closing a deal with Telefon AB L.M. Ericsson to buy out their 50% stake of the Sony Ericsson brand. Sony Ericsson is currently the sixth largest mobile phone maker in the world, and Sony hopes to fully add them to their arsenal. As you can see in the graph after the break, Sony Ericsson’s market share has been declining rapidly in recent years.

While the talks could fall apart at any time, Sony Ericsson’s stake is estimated between $1.3 billion to $1.7 billion by analysts. Sony reportedly has high ambitions to regain the mobile phone market from primarily Apple and Google. For comparisons sake, Google acquired Motorola Mobility for $12.5 billion, but of course the Sony situation is a little different.

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