Deals
Ericsson Hires Banks to Explore Sale of Media Businesses
- Morgan Stanley is helping find a buyer for media solutions
- Goldman Sachs is managing sale of broadcast and media services
The Ericsson AB logo sits on a flag as it flies outside the company's data networking devices factory in Tallinn, Estonia.
Photographer: Peter Kollanyi/BloombergThis article is for subscribers only.
Ericsson AB, whose credit rating was cut to junk by Moody’s Investors Service last month, has hired banks to review its media businesses as the company refocuses on its main wireless network-equipment operations by selling assets, according to people with knowledge of the matter.
Ericsson is working with Morgan Stanley to explore a sale of its media solutions business, the people said, asking not to be identified because the deliberations are private. Separately, the Stockholm-based company hired Goldman Sachs Group Inc. to find a buyer for its broadcast and media services unit, the people said.