Arab Today, arab today samsung set to buy 3 stake in sharp
Last Updated : GMT 13:52:15
Arab Today, arab today
Arab Today, arab today

Samsung set to buy 3% stake in Sharp

Arab Today, arab today

Arab Today, arab today Samsung set to buy 3% stake in Sharp

Tokyo - AFP

South Korean electronics giant Samsung is set to buy a three-percent stake in struggling Japanese rival Sharp via a capital increase, a press report said Tuesday, a deal that would give Samsung greater access to smartphone and tablet computer screens. The Japanese economic newspaper Nikkei said in its online edition that Sharp would sell Samsung new shares worth around 10 billion yen (83 million euros, $108 million), and use the funds it earned to bolster its bottom line. An official announcement was expected on Wednesday, Nikkei said. Sharp has suffered from stiff competition in the market for liquid crystal screens that has pushed prices lower, and would now provide such products made at its plant in Kameyama, central Japan, to Samsung on priority. The plant currently ships many of its screens to Samsung\'s arch rival Apple, and the agreement should allow Samsung to avoid having to invest massively in new production capacity. According to Nikkei, the two companies could explore cooperation in other areas as well. Sharp expects to close its fiscal year with a net loss of 450 billion yen, and has been searching for industrial and financial partners. In March 2012, Sharp signed an accord with the Taiwanese group Hon Hai, also known by its commercial name of Foxconn, that would see the latter acquire a 9.9 percent stake in Sharp for 550 yen per share.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today samsung set to buy 3 stake in sharp Arab Today, arab today samsung set to buy 3 stake in sharp

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today samsung set to buy 3 stake in sharp Arab Today, arab today samsung set to buy 3 stake in sharp

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday