Samsung to acquire 3% Sharp stake
06 Mar, 2013
Samsung is set to acquire a 3 percent stake in Sharp, the Japanese electronics manufacturer.
This deal is being hailed by analysts as the key to helping Sharp get back on its feet after having struggled to make money over the last few years, and especially since its credit rating was cut last year.
According to the BBC, Gerhard Fasol of Eurotechnology Japan, said: “For Sharp, this is good news from all fronts.” He added: “Not only can Samsung help Sharp smooth its production and operations, it can also become a key customer of Sharp’s products, especially flat screens.”
In a statement, Samsung similarly said that the acquisition would assist to ‘lay a firm foundation for Samsung to secure a steady supply of liquid crystal display (LCD) panels from diversified sources’.