Qualcomm Offers Up To $120M For Stake In Struggling Sharp

Law360, New York (December 4, 2012, 2:11 PM EST) -- A unit of San Diego-based mobile technology giant Qualcomm Inc. will sink up to 9.9 billion yen ($120 million) into struggling electronics manufacturer Sharp Corp., the companies said Tuesday, providing a badly needed cash infusion that will make it a substantial minority shareholder.

Japan's Sharp, the maker of televisions and other electronics products, has faced an onslaught of financial difficulties, including a 168 billion yen operating loss reported for the first of 2012. Earlier this year, the company dodged collapse thanks to a multibillion-dollar bank bailout,...
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