Train wreck on 27 December 2011
Non business people need to move to the side, since you are embarrassing yourself.
http://www.marketwatch.com/story/samsung-to-buy-sony-stake-in-lcd-joint-venture-2011-12-26
#1. Sony is to save 50 Billion Yen (640 Million Dollars) a year divesting this joint venture
#2. Sony is going to take a charge of 845 million dollars BUT Samsung is buying out the portion it does not own for 945 million resulting in no net change for Sony
Big win for Samsung if they can turnaround this venture as the sole owner. Kinda saw this coming with the PS Vita running AMOLED by Samsung, basically Sony is going to contract out the display making to Samsung but still sell TVs under its Bravia line
Probably the best news Sony has had in years.
