“Sharp Corp. and Samsung Electronics Co. are in talks for the South Korean technology giant to invest about 10 billion yen ($108 million) in the embattled Japanese firm, people familiar with the matter said Wednesday,” MarketWatch reports.
“Under the deal, Sharp may issue new shares to Samsung later this month and Samsung may become a key customer for Sharp’s liquid crystal display panels, the people said,” MarketWatch reports. “The investment from Samsung would come as Sharp–a big supplier to Apple Inc. — scrambles to raise funds and secure customers for its liquid crystal displays in an ongoing effort to prove to its bank lenders that its business prospects remain solid.”
MarketWatch reports, “Sharp’s decision to turn to Samsung–once its most feared rival in LCD panels and televisions–signals the desperate situation facing Sharp.”
Read more in the full article here.
MacDailyNews Take: Hmm… Negotiating tactic? Apple – Sharp deal imminent? If not, Apple doesn’t consider Sharp a necessity.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]
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