Brand Update

Desi Brand

Sony, Toshiba, Hitachi to Merge LCD Operations

The companies will spin off and merge the businesses to create Japan Display K.K. by spring 2012, the three Tokyo-based electronics makers said today. The government-backed Innovation Network Corp. of Japan will own 70 percent of the venture after a 200 billion yen ($2.6 billion) investment, while Sony, Toshiba and Hitachi will split the remaining 30 percent, they said.
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