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Wednesday, November 28, 2012

Engadget: WSJ: Sharp courting US firms for investments, will trade displays for dollars

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Engadget
Engadget
WSJ: Sharp courting US firms for investments, will trade displays for dollars
Nov 29th 2012, 06:02

WSJ: Sharp courting US firms for investments, will trade displays for dollars

Loans, cuts and mortgages -- Sharp is doing everything it can to meet its "profitable by 2014" pledge, and according to the Wall Street Journal, it's looking to US suitors to lend a hand. Sources close to the company say that it's offering a stake in Sharp to companies like Dell, Intel and Qualcomm in exchange for a capital investment. So far, all four companies have declined to comment, but investors would reportedly score easy access to Sharp displays, a deal that could be a boon for Dell's hardware division. No official numbers have been announced, but the WSJ is being told that Sharp is hoping to take in ¥20 billion (about $240 million) from both Dell and Intel, and is negotiating a more meager investment with Qualcomm.

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Source: Wall Street Journal


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Written by Hasloo Network staff.