Original URL: https://www.theregister.com/1999/05/17/philips_lg_contemplating_lcd_deal/

Philips, LG contemplating LCD deal

Kind of makes sense

By Mike Magee

Posted in On-Prem, 17th May 1999 06:59 GMT

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. ®