LG.Display, née LG.Philips, will soon have a little less Philips in it, after the Netherlands portion of the collaboration sells off about 23 million shares (valued at $1 billion). Why Philips is distancing itself (dropping from an original 44.6% share of the company to 19.9% before this sale) from what at least seemed to be a good LCD operation once upon a time -- especially when everyone else is looking for a teammate -- is less clear, but maybe it just wants to help Toshiba out with a few bills. [Warning: subscription req'd]
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.