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Samsung buy out Sony Interest

26-12-2011 2:33pm

#1

Sponge Bob

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Join Date: February 2005

Posts: 24047

http://www.bbc.co.uk/news/business-16330877

Samsung Electronics has agreed to buy out Sony's entire stake in their liquid crystal display (LCD) joint venture.
The Korean electronics maker said it will pay Sony 1.08tn won ($939m; £600m) in cash for its stake.
The move comes as Sony has been restructuring its TV business, which has been making a loss for the past seven years.
Samsung, meanwhile, has gone on to become the world's largest maker of TVs and flat screen panels.
"Under the agreement, Samsung will acquire all of Sony's shares of S-LCD Corporation, the two companies' LCD panel manufacturing joint venture, making S-LCD a wholly owned subsidiary of Samsung," Samsung Electronics said in a statement.

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Comments

#2 26-12-2011 5:52pm

Kristopherus

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Posts: 11824

Hope with that addition to their armour that they can give two fingers to Apple.:)

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