Sony will sell its shares in the LCD panel joint-venture S-LCD to partner Samsung, the two companies have announced, in a deal worth $940m, as the Japanese firm struggles to coax profit out of its TV line. S-LCD Corporation had been established in 2004 by Sony and Samsung, with this new deal - that will leave S-LCD a wholly owned Samsung subsidiary - expected to close by the end of January 2012. Sony will continue to source displays for some of its TVs from S-LCD.
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