Sony sells its stake in Samsung LCD team-up for $939 million (Engadget)
Sony and Samsung have decided to part ways on their seven-year-old LCD
venture. Possibly due to Sony’s recent struggles in the increasingly
competitive world of TV division, Samsung will buy up its 50 percent share for
around $939 million. The Japanese company has agreed to a new strategic
agreement to source Sammy’s LCDs in the future and, according to Sony, will
continue “cooperative engineering efforts focused on LCD panel technology.”
Its full explanation follows after the break.
Continue reading _Sony sells its stake in Samsung LCD team-up for $939
million_
Sony sells its stake in Samsung LCD team-up for $939 million originally
appeared on Engadget on Mon, 26 Dec 2011 01:52:00 EDT. Please see our terms
for use of feeds.
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