Sony sells its stake in Samsung LCD team-up for $939 million

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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Source: http://www.engadget.com/2011/12/26/sony-sells-its-stake-in-samsung-lcd-team-up-for-939-million/

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