Samsung Invests $110M in Ailing Sharp
Samsung has bought a 3% stake in Sharp, one of its competitors, in order to widen is supply base, reports Reuters. Samsung's $110 million investment follows a $120 million investment made in Sharp by Qualcomm in December. Sharp has struggled in recent years, and needs the influx of cash. Sharp's most promising product is high-resolution indium gallium zinc oxide (IGZO) display screens, which are thinner and use dramatically less energy than the OLED displays Samsung currently favors in its mobile devices. Qualcomm also wants to work with Sharp to bring its IGZO displays to market, which would be ideal for smartphones and tablets. Last, Sharp is one of Apple's key suppliers, and this investment gives Samsung a stake in the company as Apple winds down its reliance on Samsung for components.
Sharp Shows Off Curved Display Concept
Sharp this week revealed a concept smartphone screen that has actual curved corners and nearly no bezels. The concept panel is called Corner R.
Foxconn Makes a Play for Sharp
Foxconn has offered to buy Sharp for $5.3 billion, reports the Wall Street Journal. Foxconn's offer arrives just as Sharp is weighing a buyout offer from Innovation Network Corporation of Japan.
Sharp May Have Found Buyer for LCD Business
Sharp CEO Kozo Takahashi said the company is in talks with several others concerning a sale of its LCD business unit. "I cannot provide any names, but we are currently in negotiations with multiple companies," said Takahashi.
Sharp Accepts Lowered Takeover Bid from Foxconn
Foxconn has agreed to acquire a 66% stake in Sharp for $3.5 billion, said the companies today. The sale price is considerably less than the $5 billion Foxconn offered earlier in the month.
Sharp-Foxconn Deal Imperiled by Hidden Liabilities
Foxconn was on the verge of buying troubled Sharp when the deal met a roadblock at the last minute. Sharp disclosed more than $3.1 billion in liabilities (debt, tax claims, and intellectual property damages) that threw the negotiations into disarray, according to sources cited by the Wall Street Journal.