Samsung Buys Sony's Stake In LCD Joint Venture 38
First time accepted submitter rtoz writes "Samsung Electronics has decided to buy out Sony's entire stake in their Liquid Crystal Display (LCD) joint venture. S-LCD Samsung will pay Sony 1.08 trillion won ($939m; £600m) in cash for Sony's entire stake (50% – 1 shares) in S-LCD Corp., a venture formed in 2004 to make TV panels. After acquisition, Samsung Electronics' stake in S-LCD will be 100%. The move comes as Sony has been restructuring its TV business, which has been making a loss for the past seven years."
How did Apple miss out on this (Score:3, Insightful)
Surely, this business would have made business sense for Apple. How did they miss out?
On the other hand, I blame SONY for the woes they are facing in today's electronics market.
Nickel and dimming customers together with hardware that would not work properly with non Sony peripherals robbed them of all potential customers, myself included. Sony thought they were everywhere all the time. Watch out Samsung because I also see Sony traits in you.
Re:How did Apple miss out on this (Score:2, Insightful)
Samsung and Apple aren't exactly on good terms at the moment, and if Apple had bought Sony out they would have to play nicely with Samsung.
FWIW, I like Samsung TVs, I have one.