Samsung Buying Stake in Sharp

By |

Samsung Buying Stake in Sharp


Samsung-Sharp-logos-small.jpgAccording to The Fiji News, Samsung has agreed to help Sharp with the company's financial problems - by buying up part of the company. The deal is worth $110 million and grants Samsung a 3% stake in Sharp.

Additional Resources
• Read more industry trade news from Home Theater Review.
• See related stories in our LED HDTV News section.
• Explore reviews in our HDTV Review section.

The deal is one both companies agree with. Sharp has been experiencing mounting losses leading to a change in the company's credit rating. The Japanese company was searching for a partner to help it stabilize and restructure. It would appear they have found such a partner in the South Korean Samsung.

The partnership appears to be favorable to Sharp, as the company not only receives needed funds it receives a potential consumer. Samsung can consume Sharp's products which may help improve production for the struggling company.

With this new deal in place, Samsung will become the fifth-largest shareholder in Sharp. Several Japanese institutions remain ahead of the South Korean electronics manufacturer.

  • Comment on this article

Post a Comment
comments powered by Disqus

Latest Industry Trade News

Oct 15
Ten Reasons Why Brick-and-Mortar AV Stores Aren't Going Away Anytime Soon It's not dead yet. Heck, it's barely even resting. Jeff Berman digs into ten advantages that brick-and-mortar AV retail has over online.
Ten Reasons Why Brick-and-Mortar AV Stores Aren't Going Away Anytime Soon

Aug 16
New Audiophile Show Coming to Tampa in February 2019 The Florida Audio Expo just announced its inaugural show. This show will be held on Friday February 8th through Sunday...
New Audiophile Show Coming to Tampa in February 2019

Aug 13
Onkyo To Distribute TEAC in Americas Onkyo just announced it has acquired exclusive distribution rights to market and distribute TEAC home audio products in the U.S....
Onkyo To Distribute TEAC in Americas

Jun 25
The Impact of Trump's Tariffs & Tax Cuts on the CE Industry We don't make a habit of discussing politics here at Home Theater Review, but new tariffs and tax cuts stand to have an enormous effect on our industry.
The Impact of Trump's Tariffs & Tax Cuts on the CE Industry

May 28
With Prices Falling, Why Aren't More People Getting Into Specialty Audio? You can get higher-quality audio products for less money than ever before. Why then, wonders Jerry Del Colliano, isn't that increasing demand?
With Prices Falling, Why Aren't More People Getting Into Specialty Audio?