Japan Fund Said to Pitch Sharp on Plan for Smart-Appliance Giant

  • INCJ sets aside 100 billion yen as acquisition war chest
  • Strategy would focus Sharp on Internet-connected electronics

Innovation Network Corp. of Japan is pitching Sharp Corp.’s board on plans to create a Japanese smart home-appliances giant, as the state-backed fund seeks support for its bailout bid over a rival offer from an overseas bidder, people with knowledge of the matter said. 

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