Sony and Samsung to build new LCD line

Korean electronics company, Samsung and Japanese electronics giant, Sony had agreed on a $2 billion deal to expand their LCD plant. Part of the reason is to seek a greater share of the booming flat-screen TV sales, according to Reuters.

This expansion allows Samsung, the world's second-biggest maker of large-sized LCD TV to use Sony's brand power to expand and push the sales of their LCD product line-up.

Source: Reuters, Yahoo!