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Sharp And Sony To Terminate Joint LCD Venture
boygeniusreport.com 6 days, 5 hours agoSharp and Sony on Wednesday released a joint statement to announce the end of the companies’ joint venture to produce and sell LCD panels. Due to the “rapidly changing market for LCD panels and LCD televisions,” Sony will sell its shares of the venture, which represent 7.04% of the company. The manufacturer will also receive a cash payment equal to its original investment of 10 billion yen that will be paid by Sharp. Both the sale of shares and Sony’s cash payment will be completed by the end of June 2012.
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Sony Formally Quits Sharp LCD Joint Venture, Takes Back Every Yen It Invested
engadget.com 1 week agoAfter Sony cut off its supply of capital to the ill-fated Sakai production plant that it jointly owns with Sharp, it became clear that the final goodbye may be little more than a formality. And here it is, in the form of a cold, resolute press release stating that Sony is selling its seven percent stake back to Sharp and taking back the 10 billion yen ($126 million) it originally invested. The only reason given is the "rapidly changing market for LCD panels and LCD televisions," which is a polite reference
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