Dec 12 Japan Display Inc will raise its
stake in Joled, an organic light-emitting diode (OLED) display
maker that was created through the merger of Panasonic Corp's
and Sony Corp's OLED operations, the Nikkei
Japan Display will raise its stake in Joled from 15 percent
to more than 50 percent by the end of 2017 through stock
purchases from state-backed Innovation Network Corp of Japan,
which currently owns 75 percent of the joint venture, the
business daily reported. s.nikkei.com/2gEyDet
Japan Display and Joled did not immediately respond to
requests for comment.
The value of the deal is expected to top $100 million,
Japan Display will also receive 75 billion yen ($651.72
million) from INCJ, the newspaper said.
($1 = 115.0800 yen)
(Reporting by Anya George Tharakan in Bengaluru; Editing by