East solidarity: Samsung will help unprofitable for Sharp displays



The Japanese unit of the South Korean company Samsung, Samsung Electronics Japan Co., has agreed to enter into the share capital of Sharp.
 
Infusions should help to increase the capitalization of the company Sharp / AP
As reported in the official press release of Sharp, a South Korean partner will buy 3, 04% of the company is about 10, 4 billion yen (about $ 111 million).
According to BBC News, the infusion should help to increase the capitalization of the company Sharp and Samsung, becoming the fifth largest shareholder in Sharp, in response to the opportunity to get priority access to advanced technologies and facilities to manufacture screens for smartphones and tablets.
Note that even before the publication of official reports Sharp's shares on rumors about an agreement with Samsung rose by more than 17%, indicating Agence France-Presse. Following the session, March 6 quotes Sharp were in positive territory at 14%.

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