Samsung Agrees to Purchase Sony's LCD Business for $940 Million

[beer]

The joint LCD venture between Sony and Samsung is undergoing some changes with respect to ownership and who's responsible for what. Under terms of a new agreement, Samsung will acquire all of Sony's shares of S-LCD Corporation, the companies' joint manufacturing venture. Samsung will pay Sony 1.08 trillion South Korean won, or around $940 million, for the share transfer, and the two companies will continue their cooperative engineering efforts focused on LCD panel technology, Sony announced.

Sony's angle in this is to monetize its shares in S-LCD and to secure a flexible and steady supply of LCD panels from Samsung without the responsibility and costs of operating a manufacturing facility. Samsung, on the other hand, gains complete control of operations and anticipates heightened flexibility, speed, and efficiency in both panel production and business operations.

The deal is expected to close by the end of January 2012.

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[Atasas]

Hence Sony has gone down in my books as nobody knows as which factory what is made in; Samsung has reputation for forcing its generically bad products...Toshiba is next on my hate list :think: Matter of using good name for purpose of profits only- last I will tolerate!