Canon to buy Toshiba’s stake in display unit
Canon said on Friday it will buy out Toshiba in their flat-panel display venture to resolve a patent dispute with Nano-Proprietary in the United States. Canon will now own the unit that was set up in 2004 to develop a new type of thin panels that can be used in TVs to challenge consumer electronics giants such as Samsung Electronics and Matsushita Electric Industrial.
Canon said it will manufacture the displays on a smaller scale at its own plant for the launch in Japan, which is still scheduled for the fourth quarter. Even without the stake in the display venture, Toshiba said it will buy some displays from Canon and sell SED televisions under the Toshiba brand, while Canon will separately market its own TVs. Some analysts said the change in plan may be positive for Canon shareholders.
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