Sony To Sell Stake In LCD JV To Samsung

Posted by uspost Business Monday, December 26th, 2011

Japanese consumer electronics giant Sony Corp. (SNE: News ) Monday agreed to sell its 50 per-cent stake in liquid-crystal displays, or LCD, panel manufacturing joint venture, S-LCD Corp, to South Korean conglomerate Samsung Electronics Co. Ltd. (SSNLF.PK: News ,SSNNF.PK: News ) for a cash consideration of about 1.08 trillion won, or nearly $940 million. The [...]