Sharp To Sell Pioneer Stake

Written by Computer Daily News      17/04/2013 | 11:21 | Category: TVS & LARGE DISPLAY

TOKYO - Struggling electronics vendor Sharp is looking to sell its stake in another consumer electronics company, Pioneer, as it seeks pay off $2.14 billion in debt.

Sharp To Sell Pioneer Stake
Sharp is looking to dispose of its 9.2 percent stake, or 30 million shares, in Pioneer, the Japan Times reported.

The two companies intend to keep collaborating and Pioneer will retain its 0.8 percent in Sharp, the paper noted.