Toshiba Buys Panasonic's Stake In LCD/OLED Business
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Toshiba announced last Wednesday that they have reached an agreement with Panasonic to buy all of Panasonic's shares in the co-owned LCD and OLED panel production operation called Toshiba Matsushita Display Technology (TMD).
The deal reportedly goes down on April 28, TMD will become a fully controlled and owned by Toshiba thus will change its name to Toshiba Mobile Display.
In a published statement, Toshiba said that taking on Panasonic's position in TMD will allow it to "further accelerate decision-making and promote comprehensive restructuring of TMD's business."
Panasonic recently bought up Sanyo in a landmark consumer electronics deal.
Reportedly the new company direction should to move TMD's focus onto OLEDs sets which are a very future-minded technology that have green implications.
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