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December 26, 2011 05:15 pm GMT
S-LCD Co., the joint venture for making LCDs for TVs between Sony and Samsung, will soon be history. The Japanese company today announced it will exit the 50-50 venture by selling its share to the Korean rival for US$940 million, after seven years of collaboration.After inking a final agreement, Samsung is ready to absorb the South Korea-based joint venture into its existing LCD business and turn it into a 100% subsidiary. Samsung's LCD business will then be the second-largest in the world by revenue, trailing only LG Display.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/18WnEa1MBPw/
Sony Exits LCD Joint Venture With Samsung
S-LCD Co., the joint venture for making LCDs for TVs between Sony and Samsung, will soon be history. The Japanese company today announced it will exit the 50-50 venture by selling its share to the Korean rival for US$940 million, after seven years of collaboration.After inking a final agreement, Samsung is ready to absorb the South Korea-based joint venture into its existing LCD business and turn it into a 100% subsidiary. Samsung's LCD business will then be the second-largest in the world by revenue, trailing only LG Display.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/18WnEa1MBPw/
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