Sony (SNE), Toshiba (TOSBF.PK) and Hitachi (HIT) intend to merge their small- and medium-sized...

|About: Sony Corporation (SNE)|By:, SA News Editor

Sony (SNE), Toshiba (TOSBF.PK) and Hitachi (HIT) intend to merge their small- and medium-sized display ops and then hand over control to state-owned Japanese firm Innovation Network. The deal comes amid falling panel prices, volatile demand and the specter of oversupply.