The Korean electronics maker said it will pay Sony 1.08tn won ($939m; £600m) in cash for its stake.
The move comes as Sony has been restructuring its TV business, which has been making a loss for the past seven years.
Samsung, meanwhile, has gone on to become the world's largest maker of TVs and flat screen panels.
"Under the agreement, Samsung will acquire all of Sony's shares of S-LCD Corporation, the two companies' LCD panel manufacturing joint venture, making S-LCD a wholly owned subsidiary of Samsung," Samsung Electronics said in a statement.
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