Menu
Sony to acquire all of optical disc venture from NEC

Sony to acquire all of optical disc venture from NEC

Sony plans to acquire the portion of its optical disc joint venture with NEC that it doesn't already own and make the company a subsidiary, it said Thursday.

Sony plans to acquire the portion of its optical disc joint venture with NEC that it doesn't already own and make the company a subsidiary, it said Thursday.

Sony already holds 55 percent of Sony NEC Optiarc and will acquire the remaining 45 percent for an undisclosed sum, both companies said in a statement.

Sony NEC Optiarc was formed in 2006 and combined the optical disc drive businesses of the two companies. Sony had a greater strength in the optical pick-up devices used inside drives while NEC's strength was in the chips that control drives.

The merger came at an interesting time as NEC was backing and developing the HD DVD format, which went up and lost against the Sony-backed Blu-ray Disc format in the battle to replace DVD for high-definition video.

The acquisition is scheduled to be completed in December this year at which time the company's approximately 320 employees will become Sony staff.

Following Sony's acquisition of the company NEC will continue to work with what will become Sony's optical drive business by developing some of the chips for the drives.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Brand Post

What to expect from your IT Distributor

Whether you’re just starting out or you’ve been around since before the dot com rollercoaster, choosing the right distribution partner can be a pivotal factor in your success. This definitive guide outlines the traits that every IT partner needs to look for in their IT Distributor.

Featured

Slideshows

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Meet the winners of the 2020 Reseller News Innovation Awards

Meet the winners of the 2020 Reseller News Innovation Awards

Reseller News honoured the standout players of the New Zealand channel in front of more than 500 technology leaders in Auckland on 21 October, recognising the achievements of top partners, start-ups, vendors, distributors and individuals.

Meet the winners of the 2020 Reseller News Innovation Awards
Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

This year’s Reseller News 30 Under 30 Tech Awards were held as an integral part of the first entirely virtual Emerging Leaders​ forum, an annual event dedicated to identifying, educating and showcasing the New Zealand technology market’s rising stars. The 30 Under 30 Tech Awards 2020 recognised the outstanding achievements and business excellence of 30 talented individuals​, across both young leaders and those just starting out. In this slideshow, Reseller News honours this year's winners and captures their thoughts about how their ideas of leadership have changed over time.​

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners
Show Comments