NEWS MONITORS

The takeover talks between Sony and Epson in March this year could be ended successfully before of the end of the year. The subject was the takeover of the business sector of small and medium-sized LC displays from the Japanese Seiko-Epson Corporation.

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As Sony announced, the Sony subsidiary Mobile Display will take over sales from the 1st of December. Epson Image will cease all activities on the 30th of November. Some of the staff will be taken on by Sony, but precise figures have not been indicated. According to Sony, some individual manufacturing processes will be taken over from Epcos before the final takeover of the branch on April 1st 2010.

At the end of September, the EU Commission in Brussels gave the green light. In its response to the intention of the electronics company, it was stated that the merger would not endanger competition in the European economic area. This part of the document is important for the permission from Brussels: the merged company does not have unique products which competitors cannot make.