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Toshiba buys out Panasonic share of mobile display venture Wednesday 1 April 2009 | 11:36 AM CET
 
Toshiba has agreed to acquire Panasonic's 40 percent share in the their LCD joint venture, creating a new company called Toshiba Mobile Display. The joint venture develops, manufactures and sells LCDs and OLEDs, focusing on small and medium displays for products such as mobile phones, portable PCs and vehicles. The transaction is expected to close by the end of this month. Toshiba said the acquisition will help it accelerate restructuring at its LCD business, which is facing declining demand and continuous price erosion.
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