Not too surprisingly, STMicroelectronics (STM -3.5%) and Ericsson (ERIC +1.8%) have failed to...

|About: STMicroelectronics NV (STM)|By:, SA News Editor

Not too surprisingly, STMicroelectronics (STM -3.5%) and Ericsson (ERIC +1.8%) have failed to find a buyer for money and share-losing ST-Ericsson, six sources tell Bloomberg. Samsung and other prospective buyers reportedly failed to make bids after being approached. A wind-down of the JV is being considered among other options. Shares of both owners have spiked lower, but STM (a much smaller company) is getting the worst of it. (CEO change)