ST has said it will exit the jv by Q3 but hasn't said how.
Ericsson and ST put $1.8bn cash into the jv in 2008. ST paid NXP $1.7bn for NXP's wireless operations.
Ericsson says that its share of the operating loss from the jv is $1.42bn.
Ericsson also says that it expects to incur another $450m of costs before it can get out of the jv.
ST has said it expects to incur another $550m of costs from the jv before it exits in Q3.
ST-Ericsson had incurred debts of $1.35bn by the end of September. It has cash of $39m.
Swedish analyst Lars Soederfjell told Bloomberg: it "sounds like a preparation to shut the venture down."
There is always a chance, of course, that Samsung will take STE off ST and Ericsson's hands at the last moment. But you can be sure it won't be much of a deal for ST or Ericsson.