The Financial Times reports Samsung is buying a 3% stake in Sharp for a sum of about $107million (Y10billion). Sharp supplies Samsung with panels for 32inch TV and as a part of the agreement Sharp will also supply Samsung with with state-of-the-art, large-sized LCD panels for TVs and small and medium-sized panels for smartphones and notebook PCs.
Though a small investment considering Samsung’s $22billion cash pile, Sharp has been struggling for years and analyst see this move as a small step towards Samsung’s eventual acquisition of Sharp. By acquiring Sharp, Samsung will not need to invest in building factories for manufacturing panels.
It is important to note that Samsung is a Korean Company while Sharp is Japanese. Who would have thought a Korean company will be buying a Japanese company of the like of Sharp decades ago. Will we see Hyundai someday buying into Honda??
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Very insightful and helpful for the project I’m currently working on, about corporate advertising in Nigeria. It would have been more satisfying to have it updated, but nonetheless still helpful.
I have come to find that Nigerian companies or businesses need not struggle with daily or annual advert placement as much when they incorporate the use of corporate marketing to not only make their presence or services known but to build trust and win the heart of their audience and potential patronisers. This helps to build a lasting impression and better puts them out their as a trusted and tested entity where it’s name alone goes along way in selling it’s business before its products or services does. This also will create awareness not just nationally but beyond. But first, it’s local audience or environment need to know and feel it’s impact.