Sharp in talks with Lenovo for TV tie-up - Nikkei

Thu Jan 17, 2013 1:38am IST

A sign hangs in the Sharp booth on the first day of the Consumer Electronics Show (CES) in Las Vegas January 8, 2013. REUTERS/Rick Wilking/Files

A sign hangs in the Sharp booth on the first day of the Consumer Electronics Show (CES) in Las Vegas January 8, 2013.

Credit: Reuters/Rick Wilking/Files

Related Topics

Stocks

   

REUTERS - Struggling Japanese TV-maker Sharp Corp(6753.T) is in the final stages of talks with Lenovo Group Ltd(0992.HK) to form a television operations partnership in China the Nikkei reported.

Sharp plans to sell its subsidiary operating a LCD TV assembly plant in Nanjing to the Chinese PC maker this year and convert its other Chinese subsidiaries into 50 percent joint ventures, the Japanese daily said.

The two companies plan to enter markets other than China, including southeast Asia and South America, Nikkei reported.

Sharp, which has been losing money for years, signed a 360 billion yen syndicated lending agreement last September with Mizuho Corporate Bank and Bank of Tokyo-Mitsubishi UFJ, the business daily said.

The company is expected to report a consolidated net loss of 450 billion yen for the year ending March 31, Nikkei added.

Sharp is also in talks to sell its Malaysian factory to Taiwanese electronics manufacturing service Wistron Corp (3231.TW), the Nikkei said. (Reporting By Maria Ajit Thomas in Bangalore; Editing by Joyjeet Das)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

New Windows

Reuters Showcase

Netflix Deal

Netflix Deal

Netflix 'Crouching Tiger' deal incurs wrath of theater chains.  Full Article 

PayPal Spinoff

PayPal Spinoff

EBay follows Icahn's advice, plans PayPal spinoff in 2015.  Full Article 

Oracle Convention

Oracle Convention

Larry Ellison still the top draw at Oracle's mega-convention  Full Article 

iPhone 6 in China

iPhone 6 in China

With iPhone 6 approved in China, Apple suppliers ready for demand.  Full Article 

Tax Rules

Tax Rules

EU says Ireland swapped Apple tax deal for jobs.  Full Article 

Music Services

Music Services

Google searches for right note in online music business.  Full Article 

E-Commerce Dispute

E-Commerce Dispute

Amazon, Disney appear close to settling dispute over movies - WSJ.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage