Sunday, March 26, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple Wins Design Patent Case In China
Uber Suspends Self-driving Car Program After Arizona Acident
LG's Mobile Payment Service Coming Soon
Samsung Backs Away From Restructuring Plan, Gears Up For Galaxy S8 Release
Microsoft Delivers Telemetry-free Windows 10 To China
Samsung Plans To Release New Curved TVs
ASUS STRIX GD30 Gaming Desktop Released
New Alcatel A30 and Moto G5 Plus Available On Amazon
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Consumer Electronics > Sharp t...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, December 22, 2016
Sharp to Return To The European TV market With UMC Acquisition


Sharp is set to purchase Slovak consumer electronics maker Universal Media Corp. for around 10 billion yen ($85 million) in an attempt to strengthen its overall TV business by re-entering the European market.



Specifically, the Japanese company has decided to conduct a new business alliance with Skytec Group Limited in order to promote the manufacturing and sale of Sharp brand products and services and enhance the Sharp brand in Europe, and to acquire from Skytec the SKYTEC UMC shares possessed by Skytec and thereby make SUMC Sharp's subsidiary.

This acquisition of shares is based on the conclusion of discussions on the execution of a new business alliance agreement with the Universal Media Corporation /Slova kia/ s.r.o. (UMC) group as Sharp announced in September.

UMC currently sells TVs under the Sharp brand based on a licensing agreement reached in 2014. Through the planned acquisition, Sharp will effectively buy back the name and give a boost to its TV business, which the company places at the heart of its growth strategy.

Sharp has also decided to enter into a business alliance with Mango International Group Limited, which is operating a free smartphone rental service called "handy" around the world, including in Hong Kong and Singapore, and to conduct a free rental service business as a joint venture business mainly in Japan.

The travel market of Japan is expected to have a steadily increasing number of lodgers in domestic hotels in the future, and business is related to such lodgers will also expand, for example, the Japanese government aims to double the number of travelers to Japan, from 19.74 million in 2015 to 40 million in 2020.

Sharp will operate the Service in Japan jointly with Mango, and will aim to create a synergy mainly with its smartphone business and AIoT cloud business.



Previous
Next
LG To Unveil New K Series and Stylus 3 Smartphones At CES        All News        Micron forecasts Q2 Revenue
New LG PJ9 Bluetooth Speaker Is Floating On Air     Consumer Electronics News      LG Uses 'Deep Learning' Technology To Make Home Appliances Smarter

Get RSS feed Easy Print E-Mail this Message

Related News
Sharp Raises Forecast After Reporting Profit For First Quarter
Sharp Establishes New Research and Development Center for Home Appliances in China
Samsung Seeks Arbitration Over LCD Supply Halt
Foxconn To Buy Majority Shares Of Sharp's Sakai Display Products
Hon Hai, Sharp To Build Massive LCD TV Plant In China
Sharp Forecasts Annual Profit, Introduces New Corporate Motto
Next Generation iPhones To Have OLED Screens, Sharp President Confirms
CEATEC 2016: Sharp Showcases 27-inch 8K 120Hz IGZO Monitor, 5.2-inch Full HD Curved Display
Foxconn's Sharp to Invest $570 Million on Flexible OLED Panel Production
Foxconn Completes Sharp Acquisition
Foxconn's Wu Becomes Sharp's New President
Hon Hai To Jointly Develop TVs With Sharp

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .