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Samsung Buys Sony's Stake In LCD Joint Venture

Posted by ryuzaki0 on from the all-your-lcds-are-belong-to-us dept.

First time accepted submitter 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."

1 of 38 comments (clear)

  1. Foxconn Labor + Samsung Patent = Sony Odd Man Out by retroworks · · Score: 4, Interesting

    Samsung has an Intel-like proprietary stake with many of the boards used in LCD and plasma production, and everyone is using Foxconn factories to assemble and produce. Sony is a major brand value but trying to keep ownership of actual LCD display production was an expensive gamble. Hopefully they put some of the trillion into R&D. Their mhttp://slashdot.org/story/11/12/26/1238225/samsung-buys-sonys-stake-in-lcd-joint-venture#ove to make content (Sony Pictures and Playstation games) was a better investment than hardware.

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