Samsung purchases Sony's stake in LCD venture

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Source: BBC

Samsung Electronics buys out the entire stake of Sony Corp. in the LCD joint venture. Samsung will pay $939m in cash for Sony's stake. The sale followed Sony's restructuring of its TV operations that have made loss for seventh consecutive year. After acquiring the stake Samsung will become number one manufacturer of TVs and screen panels.

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Tue, 27 Dec 2011 12:10:08 GMT

Saudi Arabia announces budget surplus

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Tue, 27 Dec 2011 12:07:11 GMT

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