In a story first reported by the Wall Street Journal, numerous blogs including Threadwatch and PaidContent.org out that Yahoo and SBC/Cingular are planning to develop a Yahoo branded cell phone (built by Nokia) that will also include an MP3 player and camera.
SBC and Yahoo already partner on a broadband service. PaidContent says that the phone will be out next year and sell for $200-$300. Additional posts from Inside Google and vnunet.com.
Postscript: The official news release is also available.
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