Samsung Acquires Sony’s LCD Business Unit For $939 Million

Must Read

It’s bad news for all those people who are planning to buy Sony LCD TV or those who have purchased Sony LCD TV  just because of value-worth of Sony brand. Today, Samsung has announced that it has agreed to buyout stake in Sony LCD. This buyout will help Samsung to enhance and expand its LCD division. The Korean electronic gadgets maker will pay $939 million in cash to Sony to pouch its LCD arm. This buyout will also help Samsung to maintain the lead in LCD TV market as Sony holds significant market in LCD segment and stayed tough nut to crack for Samsung in past.

“Under the agreement, Samsung will acquire all of Sony’s shares of S-LCD Corporation, the two companies’ LCD panel manufacturing joint venture, making S-LCD a wholly owned subsidiary of Samsung,” as said by Samsung Electronics.

However, this move has taken shape as Sony is on its way to restructure its TV business which has been making loss since last seven years. The deal will definitely benefit Sony Corp. which is planning to bring revolution in Television industry by introducing “Four Screen Strategy TV” in future. This television will bridge the gap of network services between Sony products like tablets, personal computers, mobile phones and TVs.

This has resulted in appreciated share price by 1.60 percent of Sony Corp. in Japan Trade Exchange after the announcement.

Advertisements

Interestingly, After this buyout Samsung has become the world largest maker of TVs and Flat screen panels. This shows that buyout has benefited both the companies in a positive manner and future growth is reflecting directly.

Although, this deal might be painful for Sony LCD TV fans since many of the customers prefer Sony LCD TV above other brands. The major reason could be the quality and features provided by Sony Corp. which is far ahead of other LCD TV brands.

The deal has resulted as the New Year gift for both of the companies. One hand Sony got benefited by selling a pie of its loss running business and on other hand Samsung tops the Television industry. Also, this deal will definitely help Sony to sit on cash pile that will help it in restructuring its management and regaining its market position, lost in last seven years.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Apple And Google Are Changing Norms: Go Default with Gmail and Chrome On the New iOS 14

For long Apple iPhone and iPad users are forced to use Gmail and Chrome as an optional...

Apple Store In India: More Of Disappointment Than Excitement?

Apple has started making moves to strengthen its presence in India. With the launch of Apple online store in India today, the...

The Advantages of Java Logging

If you're a fan of Java logging, you already know that there are three main types, Log4j, Log4j2, and SLF4j. They all...

Jio Postpaid Plus Plan Offers Free Netflix And Amazon Prime To Give Airtel and Vi Run For Their Money?

The just launched Jio Postpaid Plus plan is making heads turned. Just when you think Mukesh Ambani led...

TikTok Oracle Deal: China is Not Happy

Beijing is not at all happy with how the TikTok-Oracle deal panned out! In an editorial, Global Times, the...

TikTok Oracle Deal: Confusion, Contradictions and Quest for Control

Another day Another verbal volley. TikTok Oracle deal saga continues. The tug-of-war with the back and forth statements surrounding...

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded...

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter,...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one...

More Articles Like This