According to South Korean media reports, Samsung Electronics has canceled its plan to establish a LED joint venture with Osram, a German lighting manufacturer, mainly due to the global economic recession and the excessive complexity of OSRAM's operating structure.
A Samsung executive said that the company had considered a proposal to establish a joint venture with OSRAM, but the negotiations were stopped at the beginning of the plan. The executive said that Samsung and Osram still have an interactive licensing agreement, so the two sides will maintain a cooperative relationship with each other.
According to news from brokers and the electronics industry, a private equity fund company suggested that Samsung and Osram each invest 40% of the LED joint venture, and the remaining 20% ​​will be borne by the fund company. The plan also suggests that OSRAM invests in cash and assets in the joint venture, and Samsung invests in the LED assembly division acquired in April.
In order to assess whether or not to implement the above joint venture plan, Samsung commissioned a large accounting firm in South Korea to analyze and review Osram's finances in early October.
A Samsung executive said that the company had considered a proposal to establish a joint venture with OSRAM, but the negotiations were stopped at the beginning of the plan. The executive said that Samsung and Osram still have an interactive licensing agreement, so the two sides will maintain a cooperative relationship with each other.
According to news from brokers and the electronics industry, a private equity fund company suggested that Samsung and Osram each invest 40% of the LED joint venture, and the remaining 20% ​​will be borne by the fund company. The plan also suggests that OSRAM invests in cash and assets in the joint venture, and Samsung invests in the LED assembly division acquired in April.
In order to assess whether or not to implement the above joint venture plan, Samsung commissioned a large accounting firm in South Korea to analyze and review Osram's finances in early October.
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