Is Sony looking to launch playstation phone? Madcatz takes over Take-Two divison

Rumors abound that Sony Ericsson is upping the mobile phone competition, recently brought to a head by Apple's successful launch of the iphone, by introducing a playstation-themed gaming phone.

According to PocketGamer.com, spokesman Peter Ahnegard from Sony Ericsson hedged, “It’s obviously something that we’re looking at but right now I can’t really comment. Before Christmas, certainly … but exactly which Christmas I can’t confirm”.

Projected launch date for the playstation-themed phone from Sony is prior to February of next year.

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In other news, on Friday Take-Two announced it was selling off its videogame accessories division, Joytech, to Mad Catz, known for their third-party accessories and console controllers.

Take-Two is the publisher of the upcoming Grand Theft Auto IV and the just-released contender for Game of the Year, BioShock.