SAN FRANCISCO, December 26 pm news, Sony and Samsung have agreed to terminate (microblogging ) in LCD joint venture , to 1.08 trillion won (about 9.3897 billion) price , the joint venture will sell the shares held by Samsung .
Sony has issued a warning in November , said it the fourth consecutive fiscal year loss , only loss of the TV will be a subsidiary of $ 2.2 billion, mainly due to declining demand and the impact of yen appreciation . Sony said it would adjust the LCD panel when the procurement process wow gold, but the company declined to comment on the Samsung panel will terminate the joint venture project reports .
Samsung spokesman said Monday the two sides will be 06:30 GMT ( 14:30 GMT ) on the joint venture project release relevant information. But the spokesman did not disclose further information.
hold LCD Sony S-LCD joint venture, nearly 50 % of the shares . This joint venture was established in April 2004 , primarily to provide stability for both the LCD supply. Currently , the global TV manufacturers are restructuring the business and to outsource production , because of intense competition and weak demand squeezed profit margins of these companies space . Samsung is the world's largest television manufacturer , Sony is working with LG Electronics, Korea 's second-largest TV market makers compete for the position . ( Leisurely )
share : > Related: Sony this year, spending $ 8.4 billion acquisition is still hard to compete with Apple HTC Samsung, Sony, Samsung and other alleged infringer or prohibit the export of U.S. products next year or push Samsung products using Google TV Sony TV pass Sony machine will exit a joint venture with Samsung LCD 's microblogging recommended | SAN official microblogging