Sony Corp., the world's second-largest maker of consumer electronics, will buy assets for producing small and medium-size liquid-crystal displays from Seiko Epson Corp., the companies said Thursday.
The purchase will be part of a deal between the makers to be formalized in a contract at the end of June, the companies said.
Seiko Epson, Japan's largest maker of inkjet printers, on Wednesday widened its full-year net loss forecast to a record. The company is cutting back its semiconductor and LCD operations.