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December 26, 2011 03:05 pm

Samsung Buys Sony's Stake In LCD Joint Venture


First time accepted submitter rtoz writes "Samsung Electronics has decided to buy out Sony's entire stake in their Liquid Crystal Display (LCD) joint venture S-LCD Samsung will pay Sony 1.08 trillion won ($939m; £600m) in cash for Sony's entire stake (50% – 1 shares) in S-LCD Corp., a venture formed in 2004 to make TV panels. After acquisition, Samsung Electronics' stake in S-LCD will be 100%. The move comes as Sony has been restructuring its TV business, which has been making a loss for the past seven years."

Read more of this story at Slashdot.


Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/pj5L227eLVM/samsung-buys-sonys-stake-in-lcd-joint-venture

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