Canon Buys Toshiba TV Stake To Resolve Suit

Law360, New York (January 12, 2007, 12:00 AM EST) -- Canon Inc. will take full control of a joint venture with Toshiba Corp. for a new type of flat-panel display in an attempt to settle a patent dispute with Texas-based Nano-Proprietary Inc.

Canon will turn SED Inc., of which Toshiba currently owns a 50% stake, into a wholly owned subsidiary, starting January 29.

SED stands for surface-conduction electron-emitter display. SED TVs can deliver clearer and more vivid images thanks to a light-beaming technology that is similar to older cathode-ray tube TVs. They also consume less energy...
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