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

SpaceShipTwo Crash

Reuters Showcase

Hack Attack

Hack Attack

J.P. Morgan found hackers through breach of corporate event website - WSJ.  Full Article 

Fighting Back

Fighting Back

Samsung Elec seeks China comeback with first metallic smartphones.  Full Article 

Cook Comes Out

Cook Comes Out

Apple's Cook: "I'm proud to be gay".  Full Article 

Glowing Flower

Glowing Flower

Video: Genetically altered glowing flower on display in Tokyo.  Video 

Cloud Solutions

Cloud Solutions

Tencent teams up with IBM to offer business software over the cloud.  Full Article 

Reuters India Mobile

Reuters India Mobile

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