Philips, LG contemplating LCD deal
Kind of makes sense
Asian wires are reporting that Dutch company Philips is in talks with LG over a possible equity stake in the Korean company's liquid crystal display division. According to the Korea Herald today, Philips could take a stake in the LCD division of LG. The newspaper quotes an LG representative as saying that it was in discussions with a foreign company over an equity investment. While LG owns just about all of its liquid crystal division, such a deal would raise foreign capital it needs, while squaring with Philips existing product portfolio. ®
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