Deals
Sharp Said to Consider Forming LCD Venture Rather Than Sale
- Hon Hai and Innovation Network Corp. are lead candidates
- Earlier talks With Hon Hai stalled on price and role
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Sharp Corp. is leaning toward spinning off its liquid-crystal display business into a joint venture with a third party, rather than selling the unit outright, people familiar with the matter said.
Innovation Network Corp. of Japan and Hon Hai Precision Industry Co. are the two leading candidates Sharp is considering for partnership, according to the people, who asked not to be named because the discussions are private. The Osaka-based supplier to Apple Inc. and the potential partners haven’t entered any talks over price yet, and there’s no guarantee they’ll be able to reach agreement for a joint venture, two of them said.