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  • Shares in embattled Sharp soared Wednesday after reports that South Korean rival Samsung would become its biggest foreign shareholder, highlighting the fading fortunes of Japan”s electronics giants. Sharp”s stock jumped 17.06 percent to 350 yen in opening Tokyo trade before easing to 339 yen by the morning break. The huge move was stoked by reports in Japan”s leading Nikkei business daily and other media that Samsung was set to...

    Sharp shares soar on reports of Samsung tie-up

    Shares in embattled Sharp soared Wednesday after reports that South Korean rival Samsung would become its biggest foreign shareholder, highlighting the fading fortunes of Japan”s electronics giants. Sharp”s stock jumped 17.06 percent to 350 yen in opening Tokyo trade before easing to 339 yen by the morning break. The huge move was stoked by reports in Japan”s leading Nikkei business daily and other media that Samsung was set to...

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  • Samsung Electronics Co is set to invest $110 million in Sharp Corp, ensuring it a stable supply of TV panels and bolstering the survival chances of the Japanese maker of Apple Inc iPhone and iPad screens. Shares in Sharp jumped as much as 19 percent in early trade on the news. The investment would give Samsung a 3 percent stake in the Japanese LCD pioneer, three sources familiar with matter told Reuters, making it a leading foreign shareholder a...

    Samsung set to make $110 million investment in Sharp

    Samsung Electronics Co is set to invest $110 million in Sharp Corp, ensuring it a stable supply of TV panels and bolstering the survival chances of the Japanese maker of Apple Inc iPhone and iPad screens. Shares in Sharp jumped as much as 19 percent in early trade on the news. The investment would give Samsung a 3 percent stake in the Japanese LCD pioneer, three sources familiar with matter told Reuters, making it a leading foreign shareholder a...

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  • A proposal by a US hedge fund billionaire to spin off a chunk of Sony”s profitable music and movie business is shining a light again on what has been a long time sore spot for the Japanese giant: electronics. The once iconic maker of the Walkman is rarely seen as anything but a gadgets company, with its name on televisions and DVD players around the world But the firm”s key moneymakers are actually its Hollywood movie studio and sing...

    Sony considering spinning-off music and movie business

    A proposal by a US hedge fund billionaire to spin off a chunk of Sony”s profitable music and movie business is shining a light again on what has been a long time sore spot for the Japanese giant: electronics. The once iconic maker of the Walkman is rarely seen as anything but a gadgets company, with its name on televisions and DVD players around the world But the firm”s key moneymakers are actually its Hollywood movie studio and sing...

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