Sony, Toshiba and Hitachi sign joint venture deal

The company will be partly financed by the Innovation Network Corporation of Japan, a private-public investment fund established in 2009 to support next-generation businesses.

The new venture will be 70 per cent owned by INCJ and 10 per cent each by the three companies, with INCJ investing a total of $2.6 billion in Japan Display in exchange for shares to be newly issued to the body.

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