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Samsung Buys Stake in Struggling Sharp

*from, Mar. 7, 2013 (To view original article click here.)

Take Away #1: Samsung agreed Wednesday to take an equity stake in tech company Sharp.

Key Facts and Figures:

  • The embattled Japanese tech company Sharp has been under pressure to improve its financial position.
  • According to the terms of the deal, Samsung will pay $112 million for slightly more than 3% of Sharp.
  • In return, Samsung will receive LCD panels for televisions and smart phones from the Japanese manufacturer.
  • In a rare tie-up between Japanese and South Korean tech firms, the cash infusion could prove vital for Sharp.

Take Away #2: Sharp has been shopping around for partners willing to provide much needed capital striking a deal Qualcomm.

Key Facts and Figures:

  • Sharp warned last year it may need to suspend operations, leading to a search that included talks with numerous suitors.
  • Sharp pursued a deal with Taiwan’s Hon Hai, but negotiations failed.
  • Talks with Qualcomm did result in a deal, making Qualcomm and Samsung among Sharp’s largest shareholders.
  • Qualcomm owns about 2.6% of Sharp.

*To view original article from click here.

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