Sony, Samsung dissolve panel joint venture
Photo credit: AP | A file photo of a visitor passing by the logo of Samsung Electronics Co. at a showroom of its headquarters in Seoul, South Korea. (Oct. 7, 2011)
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Japan’s Sony and South Korean rival Samsung are dissolving their joint venture in liquid crystal display panels as Sony tries to stanch years of losses in its TV business.
Samsung Electronics Co. will buy all of Sony’s shares in the joint venture for about 1.08 trillion Korean won ($935 million) subject to a final agreement, Sony Corp. said Monday.
The joint venture called S-LCD was...
