Sony said backing off of bigger stake in Sharp LCDs

Japanese business daily Nikkei reported that Sony will not be increasing its stake in its investment in Sharp Display Products, a joint venture between itself and Sharp. Sony had invested 10 billion yen ($1.2 billion USD) in the joint venture in 2009. It's initial stake was seven percent, and according to the agreement, it could have risen to 34 percent by the end of this month....



Source : http://feeds.electronista.com/click.phdo?i=a4353e1...