Qualcomm may soon be Sharp’s biggest shareholder: sources

Qualcomm may become Sharp Corp’s biggest shareholder, a move that would give the struggling Japanese TV maker the backing of a big chipmaker and help reassure investors about its viability, two sources familiar with matter said.

The two technology firms are in talks for Qualcomm to invest as much as 10 billion yen (US$121.5 million) in Sharp, and to jointly develop a new generation of power-saving IGZO displays, the sources told Reuters. They spoke on condition they were not identified.

via Business feed http://www.scmp.com/business/companies/article/1097216/qualcomm-may-soon-be-sharps-biggest-shareholder-sources