Canon to Buy Out Toshiba Stake in SED JV
January 19, 2007
Due to a pending dispute with US Nano-Propriety over SED (Surface-conduction Electron-emitter Display) intellectual property rights, Canon announced to break up SED Inc., a joint venture formed with Toshiba to pursue SED TV commercialization. Canon plans to follow through on the pursuit by purchasing Toshiba's entire stake in SED Inc., which will become Canon's wholly-owned unit as the transaction is completed as of January 29, 2007. Nano-Proprietary, however, will not thereby terminate the litigation, but is willing negotiate a new license agreement with Canon.