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Samsung locks up Sharp as long-time screen provider

Jay Alabaster | March 6, 2013
Samsung will invest US$110 million in ailing Sharp in a deal that deepens their ties, in a possible blow for Apple.

The sudden gain in Sharp's stock price Wednesday has already given Samsung a substantial boost on its investment. Sharp's shares ended the day at ¥341, while Samsung's purchase price for its allotment of about 36 million shares is ¥290 per share.

 

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