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Mar 12th, 2013
Samsung to acquire 3.4% of Sharp for 10.4 billion yen
Sharp Corp. has decided to accept an investment of 10.4 billion yen (US$115 million*) from Samsung Electronics in a deal that will lead to a business alliance, centering on increased supply of LCD panels to the Korean company.
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Through the investment, which is to be made by March 28, Samsung will become Sharp's fifth largest shareholder, with a 3.4% equity stake, surpassing the 2.56% stake of Qualcomm, the seventh largest shareholder, which last December decided to invest up to 9.9 billion yen. All other significant shareholders are Japanese financial institutions.

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