Sony Selling 50% Of LCD Venture To Samsung For $940 Million

Posted in HDTV,Home Entertainment by AURUM3 NewTech on the December 26th, 2011
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Sony, the maker of PS3 and Bravia TV, has agreed to sell 50% stake in an LCD joint venture to Samsung Electronics for $940 million. Sony was negotiating an exit, aiming to switch to cheaper outsourcing for flat screens for its TVs while Samsung pushes ahead with next-gen TV displays.

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