Ad
Ad
Ad
© designersart dreamstime.com Electronics Production | September 16, 2016

Samsung sells stake in Sharp

The South Korean company has sold its stake in Sharp following EMS-giant Foxconn’s investment in the company.
It wasn’t really a massive stake to begin with, Samsung owned about 35.8 million shares – or about 0.7% – through a Japanese unit, according to Nikkei. However, even though Samsung only held 0.7%, the value of the unloaded holdings comes to approximately USD 45 million.

Samsung has been selling of non-core business – example of that being the most recent sale of its printer business – and this might just be another step in that strategy.

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Ad
Ad
Load more news