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Sony Corp. and NEC Corp. announced on Thursday that they have signed an agreement to transfer NEC’s 45% stock in Sony NEC Optiarc to Sony. The move will strengthen Sony’s positions on the market of optical disc drives (ODDs).

As a result of this agreement, Sony will make Sony NEC Optiarc a wholly-owned subsidiary of the Sony Group, and will seek to strengthen its interaction with Sony group’s product and device businesses to further streamline decision-making processes, enhance management responsiveness and further reinforce its next-generation optical disc drive business.

NEC will continue to contribute to the advancement of Sony NEC Optiarc optical disc drive products through the LSI development being carried out at NEC Electronics Corp.

Sony and NEC separated their optical disc drive businesses and combined each company’s respective strengths in the Sony NEC Optiarc joint venture, established April 3, 2006, with the aim of achieving further business expansion.

Tags: Sony, NEC

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