Sony and Sharp officially terminate LCD partnership

Sony and Sharp have announced the end of their LCD joint venture, a partnership that was originally formed in 2009. Back then, Sony chipped in 10 billion yen ($126 million) towards Sharp Display Products Corporation and gained a seven percent stake in the company. The investment hasn't fared well in an increasingly tumultuous TV market, and the writing on the wall came in March when Sony abandoned any further financing towards the collaboration. That followed news that Foxconn would be entering the mix to the tune of ¥67 billion ($809.1 million), earning it a 50-percent stake in SDP. Sony will be selling its shares back to the company and will be granted a full refund of its original investm... »read more

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