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Samsung invests $111M in Sharp to buoy display business
2013-03-06 16:32:46| CNET News.com
Samsung's investment will give it a 3 percent stake in Sharp, a big Apple supplier that has been struggling. The deal also means a steady supply of LCD panels for Samsung. [Read more]
Tags: business
display
samsung
sharp
Samsung locks up Sharp as long-time screen provider
2013-03-06 15:33:05| InfoWorld: Top News
Japan's Sharp has secured a $110 million lifeline investment from Samsung Electronics, and agreed to become a major supplier of screens for the South Korean company's growing electronics empire. The deal gives Samsung a steady supply of screens and deals a possible blow to chief rival Apple, which has long been a major customer of Sharp. Sharp gains a massive customer in Samsung, the world's largest maker of mobile phones and smartphones.
Tags: screen
samsung
provider
sharp
Samsung takes 3% stake in Japan's Sharp
2013-03-06 11:32:44| Electronics - Topix.net
Samsung Electronics is investing 10.4 billion yen in Sharp Corporation to secure a supply of large-size LCD panels.
Tags: takes
samsung
sharp
stake
Samsung May Buy Sharp Stake
2013-03-06 11:16:51| Semiconductors - Topix.net
Sharp Corp. and Samsung Electronics Co. are in talks for the South Korean technology giant to invest about 10 billion yen in the embattled Japanese firm, people familiar with the matter said Wednesday.
Samsung pays JPY 10.38 bln for 3.04% of Sharp
2013-03-06 10:11:00| Telecompaper Headlines
(Telecompaper) Sharp announced that it will issue 35.8 million shares to Samsung at an issue price of JPY 290 per share. The transaction raises JPY 10.38 billion for Sharp and gives Samsung 3.08 percent of Sharp voting shares and 3.04 percent of total issued shares. Sharp said it would use the proceeds further strengthen its relationship with Samsung by ensuring a long-term, stable and timely supply of LCDs for large TVs and small and medium LCD panels for tablets and notebook computers. Specifically, Sharp expects to spend JPY 6.9 billion to introduce new technology for HD LCDs and JPY 3.23 billion to investments including rationalising plans making LCDs with HD features for mobile devices. The transaction is due to close on 28 March.
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