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!

Error: Please check your email address.

Featured

Slideshows

Looking back at the top 15 M&A deals in NZ during 2017

Looking back at the top 15 M&A deals in NZ during 2017

In 2017, merger and acquisitions fever reached new heights in New Zealand, with a host of big name deals dominating the headlines. Reseller News recaps the most important transactions of the Kiwi channel during the past 12 months.

Looking back at the top 15 M&A deals in NZ during 2017
Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Show Comments