Thursday, November 29, 2012

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

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

Source: http://www.engadget.com/2012/11/29/wsj-sharp-courting-us-firms-for-investments/

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