*from www.money.cnn.com, 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 www.money.cnn.com click here.