Use your < > keys to browse more stories

Done Deal: Samsung Acquires 3% Stake in Sharp for $110 Million

Sharp (TYO:6753) needs the money, and Samsung (005930:KS) needs the screens. So today’s officially confirmed deal between the two makes good sense, giving Samsung a 3.04 percent stake in Sharp for about US$110 million. The Korean manufacturer, which is bracing to release its newest flagship phone, the Galaxy S4, is already a customer of Sharp for TV and smartphone screens.

Sharp will further invest the money in LCD screen technology. Hit the source for more details.



Facebook Conversation

comments

Did you enjoy this article? Consider becoming a TiA Premium subscriber. At $9.99/month, TiA Premium brings you exclusive access to our weekly newsletter, a one-page roundup of each week’s must-read Asia tech news from all over the web. TiA Premium also brings you exclusive deals and discounts that make your subscription pay for itself. Click here to find out more.