Published On: March 26, 2015

Sharp Not Considering LCD Spinoff, Reuters Reports

Published On: March 26, 2015
Last Updated on: October 31, 2020
We May Earn From Purchases Via Links

Sharp Not Considering LCD Spinoff, Reuters Reports

Reuters reports that Sharp Corporation is not planning to spin off its LCD business as part of the company's bailout/restructuring plan, which will likely include layoffs and "a possible exit from North American TV manufacturing." From ReutersLoss-making Japanese electronics firm Sharp...

Sharp Not Considering LCD Spinoff, Reuters Reports

By Author: Home Theater Review
The staff at HomeTheaterReview.com is comprised of experts who are dedicated to helping you make better informed buying decisions.

Thumbnail image for Sharp.pngReuters reports that Sharp Corporation is not planning to spin off its LCD business as part of the company's bailout/restructuring plan, which will likely include layoffs and "a possible exit from North American TV manufacturing."

From Reuters
Loss-making Japanese electronics firm Sharp Corp said it's not considering spinning off its liquid crystal display business as part of a bailout plan under discussion with lenders seeking restructuring moves in return for extending support.

"This is not something we announced, nor is it something we are considering," Sharp said in a statement on Friday. The firm issued the statement after the Sankei daily newspaper earlier reported the company plans to spin off the LCD unit.

Sankei's report followed other media coverage on expected changes at Sharp, including a possible exit from North American TV manufacturing, in return for a bailout by banks. Sharp will likely cut 12 percent of its workforce in a global restructuring expected to cost more than $1.7 billion, a person familiar with the plan told Reuters on Thursday.

To read the complete Reuters story, click here.

Additional Resources
Sharp's 2015 UHD TV Lineup Announced at HomeTheaterReview.com.
New Wireless, Lossless Audio System From Sharp at HomeTheaterReview.com.

Subscribe To Home Theater Review

You'll automatically be entered in the HTR Sweepstakes, and get the hottest audio deals directly in your inbox.
Subscribe to Home Theater Review
© JRW Publishing Company, 2023
As an Amazon Associate we may earn from qualifying purchases.

magnifiercross
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram
Share to...