February 7, 2012 / 8:30 AM / 6 years ago

Samsung Elec says may fully takeover OLED unit

SEOUL (Reuters) - Samsung Electronics Co Ltd (005930.KS) said on Tuesday that it is considering fully taking over unlisted flat-screen display maker Samsung Mobile Display, a joint venture with Samsung SDI Co Ltd (006400.KS).

    “We are considering merging the business to improve synergy, but a final decision has yet to be made,” Samsung Electronics said in a filing to the Korea stock exchange.

    Samsung Mobile Display is a near monopolistic supplier of organic light-emitting diode (OLED) displays used in high-end smartphones and touted as the next-generation display to replace LCD flat screens in televisions.

    Reporting by Miyoung Kim; Editing by Chris Lewis

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