As reported earlier, Toshiba, LG Electronics and AU Optronics have agreed to pay a combined $571 million to settle a lawsuit over price fixing issue in...

Japan’s Sony which recently confirmed its lay off plan of 10,000 employees and reducing TV portfolio by 40 percent this year is in talks with Taiwan’s AU Optronics in order to jointly venture out the next-generation OLED television, reports Reuters. The deal if comes into effect will mark the clear competition to its rivals both Samsung and Sony. “We know that...