We introduced this news about Sharp’s capital alliance with Samsung recently, and today, Sharp announced that they have received payment for their new shares equivalent to 10.4 billion yen (109.3 million USD) from Samsung.
Number of new shares issued: 35,804,000 shares
Issue price: 290 yen per share
Amount of proceeds: 10,383,160,000 yen
Method of offering/allotment: Third party allotment
Big news in the interplay of Japanese and Korean electronics, Sharp Corporation today announced that it will receive a 10.4 billion Japanese Yen (USD111.4m) investment from Samsung Electronics Japan Co., Ltd. and will issues shares equivalent to 3.08% of the voting rights of the company.
Sharp says it is currently supplying Samsung Electronics with LCD panels and through this alliance will be able “secure its source of revenue from LCD business forming the company’s …
Apple has been on a social networking kick lately, what with Twitter’s footings in iOS 5 and OS X Mountain Lion as well as Facebook’s upcoming presence in iOS 6. From what the New York Times hears, that fascination could become more of a fixation. The company has reportedly chatted with Twitter in past months about the possibility of investing money on the scale you’d normally expect from a later-stage venture capitalist: the newspaper is talking “hundreds of millions” of dollars based on Twitter being valued at more than $10 billion. Any such deal would be less about funding (Twitter purportedly has $600 million-plus in the bank) and more about getting cozy in a social world where Apple still has some learning to do. Apple might equally want to dissuade competitors from getting any ideas, we’d add. Neither side will comment, and the negotiations aren’t even supposed to be active at present. Regardless, that Apple might have even toyed with a social networking investment could represent a major change in tack for a company that’s not always known for playing well with others.
Filed under: Internet
NYT claims Apple has dallied with investing ‘hundreds of millions’ in Twitter originally appeared on Engadget on Fri, 27 Jul 2012 23:05:00 EDT. Please see our terms for use of feeds.
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