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

Deal Talk

Reuters Showcase

Yahoo Earnings

Yahoo Earnings

Yahoo ekes out Q3 revenue gain despite display ad weakness.  Full Article 

Cyber Attack

Cyber Attack

China-backed hackers may have infiltrated Apple's iCloud - blog.  Full Article 

Shopping Plans

Shopping Plans

Yahoo in talks to buy ad service BrightRoll - TechCrunch.  Full Article 

Data Breach

Data Breach

Staples says investigating possible payment card data breach.  Full Article 

Eavesdropping Agency

Eavesdropping Agency

Outgoing UK spy chief rejects mass surveillance claims.  Full Article 

Tech Deal

Tech Deal

Apple, supplier GT strike deal to unseal info, shutter Arizona plant.  Full Article 

Fat Paycheck

Fat Paycheck

New Microsoft CEO Nadella's pay tops $80 mln with big stock awards.  Full Article 

Reuters India Mobile

Reuters India Mobile

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