Ericsson moves closer to flogging media unit

Ericsson has reportedly hired Morgan Stanley and Goldman Sachs in an effort to get rid of its draining media business units.
It’s a move which has been on the cards for quite a while, CEO Börje Ekholm indicated this was a possibility back in March, but process has faltered in recent months. According to Bloomberg’s sources, the two banks have been hired to explore the possibility of a sale, with Morgan Stanley focusing on the media solutions assets and Goldman Sachs on broadcast