Samsung to buy Sony?s share of S-LCD joint venture for $940 million

Samsung will purchase Sony’s 50% share of S-LCD, a joint venture created by both companies in 2004, for $939.6 million. Both companies will continue to cooperate on the development of new LCD panel technology, however, and Sony says it hopes to “secure a flexible and steady supply” of LCD panels from Samsung moving forward. “With whole ownership of S-LCD, Samsung anticipates heightened flexibility, speed and efficiency in both panel production and business operations,” Samsung said in the statement. Samsung expects the purchase to be finalized by the end of January 2012 pending approval from regulatory authorities. The full press release follows after the break. Sony and Samsung Shift to New LCD Panel Business Alliance ?Samsung to acquire all of Sony’s

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