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Latest LCD Venture Japan’s Sony Corp Stories

Samsung To Buy Out Sony's Stake In LCD Venture
2011-12-26 10:09:24

Japan´s Sony Corp and South Korea´s Samsung Electronics are dissolving their joint venture in liquid crystal display (LCD) panels, with Samsung agreeing to buy out Sony´s entire stake in the LCD venture for $940 million. Sony decided to sell out its stake in the partnership as it struggles to reduce huge losses in its TV business. The joint venture was created in 2004 and was called S-LCD. The venture was supposed to help Sony recover from a lack of flat panel supplies, but...