Samsung Acquires Sony’s Stake in S-LCD for $939 million



Sony
Sony

Back in 2004, Samsung and Sony joined together to produce Liquid Crystal Displays (LCD). More than TV’s and computer monitors, these LCD’s were also in phones, cars, appliances and other items needing a display. Two months after Sony announced it was reorganizing due to a 1.2 billion dollar loss, Sony has sold their part in the LCD venture for $939 million (1.08 trillion Korean won).

In the agreement, Samsung will acquire all of Sony’s shares (329,999,999) of the S-LCD Corporation. They will still cooperate in engineering efforts on LCD panel technology.

Transaction close date is expected on 1/19/2012

Sony Press Release

Samsung Press Release

About J Powers

Podcaster, Blogger, IT Specialist. Been working in IT for over 15 years. Supported Windows 95 upon initial Launch and have worked in desktop, server and Web site support roles. Started Geekazine in 2007 and launched 5 shows from it. Speaker on many topics in Podcasting and technology. Also a musician.