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Samsung acquires 7.4 percent of Gorilla Glass maker Corning, signs long-term supply deal

Samsung acquires 7.4 percent of Gorilla Glass maker Corning, signs long-term supply deal

Engadget - Steve Dent

In a move that could raise eyebrows in the LCD business, Corning has taken full control of Samsung Corning Precision Materials Co. Ltd., a joint venture 43 percent owned by Samsung. In exchange, the Korean company will get $1.9 billion worth of preferred shares in Corning, which if converted, would …

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