Sony sells its part in Sharp Display Products
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POSTER: computer news || SONY SELLS ITS PART IN SHARP DISPLAY PRODUCTS |
DATE:2012-05-28 |
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In particular, last week, Sony announced a letter of intent to return Sharp its stake in the joint venture Sharp Display Products, which is engaged in production of large LCD panels. The history of this deal started in July 2009, Sharp Corporation has transferred its factory in Sakai - Sharp Display Products (SDP). In late December the same year, Sony Corporation acquired 7.04% of SDP in exchange for 10 billion yen (about $ 126 million). In March, the partners agreed that Sony will not be required to invest additional resources in the development . Now Sony is going to return the spent on the purchase of 7.04% SDP money. The transaction must take place before the end of June 2012. Interest in the business of Sharp to produce LCD displays are showing the Taiwanese Hon Hai Precision Industry, more known under the trade name Foxconn. | ||
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SONY SELLS ITS PART IN SHARP DISPLAY PRODUCTS |
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