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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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  • ...nese makers. A Sharp spokesman in Tokyo did not confirm or deny the Samsung investment plan. “This news is not something that has been announced by the company,” he said. Samsung also declined to comment. Japanese media said an announcement would come later in the day. Bail out Although modest, cash from Samsung would also provide Sharp with much needed funding as a previous agreement for Hon Hai Precision Industry Co Ltd to buy a sta...

    Samsung set to make $110 million investment in Sharp

    ...nese makers. A Sharp spokesman in Tokyo did not confirm or deny the Samsung investment plan. “This news is not something that has been announced by the company,” he said. Samsung also declined to comment. Japanese media said an announcement would come later in the day. Bail out Although modest, cash from Samsung would also provide Sharp with much needed funding as a previous agreement for Hon Hai Precision Industry Co Ltd to buy a sta...

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  • ...ong faced pressure to hive off the good from the bad in its business, the idea grabbed headlines in May after US hedge fund billionaire Daniel Loeb called for a spin-off of as much as 20 percent of its entertainment arm. A US media report this week said Sony”s board had hired investment banks to look at the proposal, which helped push up its Tokyo listed shares by 2.09 percent to 2,049 yen on Friday. Sony declined to comment on the report....

    Sony considering spinning-off music and movie business

    ...ong faced pressure to hive off the good from the bad in its business, the idea grabbed headlines in May after US hedge fund billionaire Daniel Loeb called for a spin-off of as much as 20 percent of its entertainment arm. A US media report this week said Sony”s board had hired investment banks to look at the proposal, which helped push up its Tokyo listed shares by 2.09 percent to 2,049 yen on Friday. Sony declined to comment on the report....

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