Samsung buys Sony’s entire stake in LCD joint venture:
Samsung has agreed to buy Sony’s entire stake in S-LCD joint venture formed in 2004.This move is after eight consecutive year of loses in TV market for SONY.
Samsung will pay Sony $935 Million in cash for its stake.This stake sale will helps Sony to get rid of the responsibility of panel manufacturing amid losses in TV business.Also this deal turned Samsung into world’s largest maker of TV and flat screen panels.Samsung said “the full ownership of the venture will give heightened flexibility ,speed and efficiency in both panel production and business operations
Incoming search terms:
- samsung lcd (5)
- samsung lcd tv and monitor (2)
- samsung lcd images (1)
