Sony to sell LCD venture stake to Samsung for $940 million (Reuters)

Started by newswarrior, Dec 26, 2011, 11:02 PM

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newswarrior

Dec 26, 2011, 11:02 PM
Reuters - Sony Corp has agreed to sell its nearly 50 percent stake in an LCD joint venture with Samsung Electronics to the South Korean company for $940 million, as it struggles to reduce huge losses at its TV business.

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