Ericsson’s “complex” sale of Media Solutions stake will take longer than first thought

STOCKHOLM – Ericsson’s sale of the majority stake of its Media Solutions business to private equity firm One Equity Partners is proving to be “more complex” than first thought and will likely not close until year end, the Swedish tech maker said Tuesday.As part of the ongoing work to close the transaction, an independent brand known as MediaKind has been formed and is developing the business in line with a new business plan. Ericsson announced the sale in January.“The carve-out of MediaKind from Ericsson’s global structure to create a new company, jointly owned with One Equity Partners, is proceeding with...