Articles tagged with: Lg Electronics and Bankruptcy

Nortel to Seek Buyer for Stake in LG-Nortel Joint Venture

Nortel has confirmed that it has decided to seek a buyer for its majority stake (50% + 1 share) in LG-Nortel, the company's Korean joint venture with LG Electronics. Nortel, which is in bankruptcy protection said that LG-Nortel is a profitable, standalone business with a strong balance sheet, and has not filed for creditor protection.  more

Related Tags: nortel, lg, nortel-networks, goldman-sachs, Korea South