INCJ To Invest Toshiba-Sony Joint Venture of LCD Panel Ops

Toshiba Corp. and Sony Corp. are in the final stage of negotiations toward unifying operations in small LCD panels for smartphones, tablet computers and other mobile devices, according to Nikkei. The Innovative Network of Japan(INCJ), a public-private investment fund, will take a major stake in the merged entity for more than 100 billion yen.