Want to read Slashdot from your mobile device? Point it at m.slashdot.org and keep reading!

 



Forgot your password?
typodupeerror
Get HideMyAss! VPN, PC Mag's Top 10 VPNs of 2016 for 55% off for a Limited Time ×
Businesses

Submission + - Samsung buys Sony's Stake from LCD Joint Venture S (rtoz.org)

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."

This discussion was created for logged-in users only, but now has been archived. No new comments can be posted.

Samsung buys Sony's Stake from LCD Joint Venture S

Comments Filter:

A man is known by the company he organizes. -- Ambrose Bierce

Working...