30 Dec '11, 2am

Sony sells share in LCD panel business to Samsung

Sony and Samsung have signed agreements which will see Samsung acquire all of Sony's shares of S-LCD, the two companies' LCD panel manufacturing joint venture, making S-LCD a wholly owned subsidiary of Samsung. Samsung will pay approximately KRW 1.08 trillion to Sony. The companies have entered into a new strategic agreement for the supply and purchase of LCD panels. Established in April 2004, S-LCD supplies LCD panels to both of its parent companies for large-sized LCD TVs. The deal has been prompted by changes to the LCD panel and TV market and a need to be more competitive.

Full article: http://www.electronicsweekly.com/Articles/30/12/2011/5261...

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