Monday, 26 December 2011

Sony said entire stake in an LCD manufacturing joint venture with Samsung Electronics for 1.08 trillion won (US$934 million)

by Jay Alabaster, IDG News Service macworld

Samsung to buy Sony's share of LCD panel joint company for $934 million

Sony said Monday it will sell off its entire stake in an LCD (liquid crystal display) manufacturing joint venture with Samsung Electronics for 1.08 trillion won (US$934 million).

The two companies signed a contract under which Samsung will turn the company, S-LCD, into a fully-owned subsidiary that will still provide panels for Sony televisions. The Korean-based LCD

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