Sony also entered into a “new strategic agreement” with Samsung to purchase a steady supply of LCD panels based on current market prices. This will allow Sony to use the money from the sale of it’s shares to receive LCD panels from Samsung without the headache of maintaining a manufacturing facility of their own. According to Sony, the agreement made between the two companies will facilitate a cooperative environment in regards to future LCD panel technology developments between the two companies.
Sony is certainly losing a considerable stake by dissolving their joint venture; but, hopefully the loss will be worth it. I guess only time will tell if the share transfer coupled with the agreement will actually pay off in the long-run. Do you think Sony made a wise decision by transferring their shares to Samsung and entering into a new agreement?
We all interact with technology every day, even third year law students like me! I believe the law is an invigorating field of study and the relationship the law shares with the latest cutting-edge technologies is fascinating. Through TheTechUpload, I will share some of my thoughts about the various ways the tech and legal worlds interact.