Sharp has just announced that it's getting a £73 million shot in the arm from Samsung. In turn, that will help guarantee Sammy as many LCD panels as it can use.
The sum actually buys Samsung a three-per cent stake in Sharp — which sounds small but in fact makes it the biggest shareholder that isn't a financial institution (and the fifth-largest stakeholder overall!). In other words, that buys it power — and, crucially, access to Sharp's LCD supply. It's expected that Samsung will lap up its 32-inch television screens, in particular.
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