Sharp Spends up Big on Pioneer

[ September 21st, 2007 @ 6:00 am ] ... [ C. S. Magor ]

Sharp Spends up Big on Pioneer

Left: Mikio Katayama, President of Sharp, Right: Tamihiko Sudou, President of Pioneer

After a truly massive share purchase; Sharp now controls 14.28% of Pioneer’s stock for a mere $361.1 Million. This makes Sharp the lead shareholder in Pioneer. It would seem that Sharp is looking for a mutually beneficial arrangement in which Sharp continues to manufacture LCDs and Pioneer continues with Plasma. The move may also offer Pioneer a way to break into the LCD market as plasma displays grow increasingly less popular.

Mikio Katayama, President of Sharp said that it is unlikely that Sharp will include any plasma displays in its future lineup.

Source: Yahoo News