RUMOR: SONY BUYING ERICSSON HALF OF SONY ERICSSON

Rumors of Sony’s plan to purchase Ericsson’s stake in the companies’ joint Sony Ericsson venture have come and gone over the years, but a new report claims the deed is nearly done. Sony is nearing a deal to take complete control of the cell phone vendor according to The Wall Street Journal, and analysts estimate that Ericsson’s 50% share of the JV could be worth between $1.3 billion and $1.7 billion. The report states that Sony intends to integrate the Sony Ericsson smartphone business with its tablet, gaming and computer operations in order to save on costs and create more complementary devices. Sony Ericsson reported a net loss of €50 million ($60.3 million US) in the second quarter of 2011.

POPCAP TO BE ACQUIRED BY EA FOR $1 BILLION

Huge news in the gaming world: PopCap Games, the company behind such hits as Plants vs Zombies and Bejeweled, is in the process of being acquired — and we’re hearing from multiple sources that the price is over $1 billion. Popcap’s revenues are in the range of $100-150 million, we hear — and a price of over $1 billion would put the deal at a possible 10x multiple.

This is not EA's first purchase of a hot gaming startup, they acquired Playfish in 2009 for up to $400 million after earnouts. PopCap was previously rumored to be exploring a possible IPO later this year. The company raised $22.5 million in October 2009.

SPRINT FORMALLY ASKS FCC TO BLOCK AT&T/T-MOBILE MERGER

Sprint’s already been very vocal about its opposition to AT&T’s planned purchase of T-Mobile from Deutsche Telekom, but on Tuesday the carrier officially asked the Federal Communications Commission to step in and block the purchase. In its 377-page filing, Sprint argued that the acquisition would make AT&T the nation’s largest carrier with a total of 118 million subscribers and a 43% grip on the postpaid market.

The carrier added that Verizon and AT&T would earn 78% of all wireless revenues and the “Twin Bell” duopoly would have an 82% grasp of the postpaid market, making it difficult for other carriers such as Sprint to compete.

AT&T, meanwhile, has argued that the acquisition will create jobs, will not stifle competition, and will help deliver high-speed wireless broadband to 97% of U.S. residents.