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Friday, October 7, 2011

Takeover Chatter - Corporate finance press digest

The following corporate finance-related stories were reported by media on Friday: * Sony Corp is nearing a deal to purchase Telefon AB LM Ericsson's half of their phone joint venture, The Wall Street Journal said, in a likely bid to catch up with rivals by unifying its mobile products under a single brand.* Yahoo Inc is likely to sell its 35 percent stake in Yahoo Japan ahead of the conclusion of its broader strategic review, possibly within weeks, the Financial Times reported.