Samsung to acquire Sony's shares in S-LCD, enter a new strategic alliance

Samsung purchase Sony's stake in S-LCD, create new agreement with Sony.

@anthony256
Published Mon, Dec 26 2011 7:30 PM CST   |   Updated Tue, Nov 3 2020 12:30 PM CST

After a 7-year partnership with S-LCD, Samsung have acquired all of Sony's shares in the joint-venture for close to $939 million. S-LCD will now become a wholly owned subsidiary of Samsung. Up until now, Sony owned 50-percent of S-LCD.

Samsung to acquire Sony's shares in S-LCD, enter a new strategic alliance | TweakTown.com

On top of this, both companies have entered into a new strategic agreement for the supply and purchase of LCD panels, with the end goal of increasing the competitiveness of both Sony and Samsung. The agreement also allows Sony and Samsung to continue cooperative engineering efforts focused on LCD panel technology.

The deal allows Sony to monetize its shares in S-LCD, giving them a nice injection of nearly $1 billion in cash, as well as the new strategic agreement.With the LCD panel and TV market conditions having changed, in order to continue to strengthen their respective market competitiveness, Sony and Samsung have agreed to shift to a new LCD panel business alliance.

What does this mean for us customers? Well, the next few years should show a change in Sony and Samsung, but what change? We'll have to wait and see.

NEWS SOURCES:engadget.com, vator.tv

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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