Sony will reportedly look to buy out the Ericsson half of Sony Ericsson. The price is reported to be in the range of $1.3 to $1.7 billion.

Sony Ericsson was formulated as a joint venture a decade ago to increase both companies earnings in the mobile space. Notably, they produced the Xperia Play, a PlayStation-certified phone designed with gamers in mind.

Source: Wall Street Journal