Samsung Pays $111 Million For 3% Stake In Sharp To Secure LCD Supply

Sharp

Samsung is a fan of Sharp’s displays and has acquired three percent of the Japanese company for $111 million. The move now makes Samsung the largest shareholder outside of a financial institution, and the fifth largest shareholder overall. This three percent stake helps solidify both companies’ relationship and ensures a steady supply of LCD panels for Samsung’s products.

Sharp isn’t doing so well financially and has created similar deals with such companies as Qualcomm who owns 2.56 percent of the business. Foxconn could soon be another shareholder in Sharp with a 10% stake. However, that deal was announced in March 2012 and closes at the end of this month.

Source: Unwired View

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