Reuters: Technology News: Sharp in talks with Lenovo for TV tie-up: Nikkei

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Sharp in talks with Lenovo for TV tie-up: Nikkei Jan 16th 2013, 18:40 Tweet Share this Email Print Related News Apple cuts orders for iPhone 5 parts on weak demand: Nikkei Mon, Jan 14 2013 UPDATE 3-Apple cuts orders for iPhone 5 parts on weak demand-Nikkei Mon, Jan 14 2013 Sony mulls battery unit sale in push toward core electronics Tue, Jan 8 2013 Nikkei seen testing 20-month high as yen weakens Wed, Dec 26 2012 Analysis & Opinion A yen for emerging markets Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » Sharp Corp's Aquos TVs are displayed at an electronics store in Tokyo October 28, 2012. Credit: Reuters/Yuriko Nakao Wed Jan 16, 2013 1:40pm EST (Reuters) - Struggling Japanese TV-maker Sharp Corp is in the final stages of talks with Lenovo Group Ltd to form a television operations partnership in China the Nikkei reported. Sharp plans to sell its subsidiary operating a LCD TV assembly plant in Nanjing to the Chinese PC maker this year and convert its other Chinese subsidiaries into 50 percent joint ventures, the Japanese daily said. The two companies plan to enter markets other than China, including southeast Asia and South America, Nikkei reported. Sharp, which has been losing money for years, signed a 360 billion yen ($4.07 billion) syndicated lending agreement last September with Mizuho Corporate Bank and Bank of Tokyo-Mitsubishi UFJ, the business daily said. The company is expected to report a consolidated net loss of 450 billion yen for the year ending March 31, Nikkei added. Sharp is also in talks to sell its Malaysian factory to Taiwanese electronics manufacturing service Wistron Corp, the Nikkei said. ($1 = 88.4950 Japanese yen) (Reporting By Maria Ajit Thomas in Bangalore; Editing by Joyjeet Das) Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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