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