Sony, Samsung dissolve panel joint venture

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TOKYO (AP) — Japan’s Sony and South Korean rival Samsung are dissolving their joint venture in liquid crystal display panels.

Sony Corp. said Monday that Samsung Electronics Co. will buy all of Sony’s shares in the joint venture.

The joint venture called S-LCD was set up in 2004. Sony invested in a Samsung panel factory to get supplies of panels for its LCD TVs.

Sony does not make its own LCD panels.