Samsung buys Sony out of manufacturing venture

Samsung buys Sony out of manufacturing venture
Sony will exit its joint LCD venture with Samsung after announcing it would sell its 50% share for £600 million.

Samsung will become the
sole owner of the
S-LCD corporation as Sony restructures
its struggling TV business.

The
joint venture was established
in 2004 and it is
believed that Sony will source
panels from Samsung and
will not establish its own production facility.