Mergers often end up with some corners being cut (cost savings in corporate parlance), resulting in a leaner and often meaner entity. Of course, there will be collateral damage along the way, but then again that is to be expected. The latest news that is going around would be three Japanese giants, Sony, Toshiba and Hitachi working together to merge their liquid-crystal display (LCD) operations by taking advantage of the $2.6 billion government-backed funds in order to hold their ground against fierce competition from rivals who hail from South Korea and Taiwan.
Ubergizmo, Sony, Toshiba and Hitachi merge LCD operations
