Thursday, July 19, 2018
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Corning Gorilla Glass 6 Promises Improved Durability for Mobile Devices
Samsung's Foldable Phone Coming Next Year, WSJ Claims
Microsoft Could Release New Xbox Hardware Next Month
European Commission Fines Google $5 billion For Illegal Practices Regarding Android Devices
Sony Releases New SXRD Full HD Reflective LCD and Signal Processing Drive LSI for Portable Projectors
Roxio Toast 17 Adds MultiCam Editing
MediaTek Introduces New Helio A Series Chipset Family for Affordable Smartphones
IBM Backs Stronghold Digital Stable Coin
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.

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 May Bring High-end TV Manufacturing to the U.S.
Sharp Embeds Transparent NFC Antenna on a Display Screen
Sharp to buy Toshiba's PC Business
Sharp close to Buying Toshiba's PC Business
Sharp's 6-Inch Mono-Crystalline Silicon Solar Cell has a Full Size Conversion Efficiency of 25.09 Percent
Sharp TV Sales Lift Company's Profit
iPhone Assembler Hon Hai to Get OLEDs from Sharp
Sharp Releases the AQUOS 8K in Japan, China, Taiwan, and Europe
Sharp Sees Collaboration With Japan Display
Sharp Sues Hisense over 'Shoddily' Made TVs
Sharp's President Confirms US Panel Plant Plan
Sharp To Invest $1 billion in SoftBank's Tech Fund

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .