Sharp shares rise after report of Qualcomm tie-up
TOKYO Dec 4 (Reuters) - Shares of Japan's Sharp Corp rose 2.9 percent to 177 yen on Tuesday, outpacing the broader market, after sources familiar with the matter said it and U.S. Qualcomm Inc would jointly develop next-generation displays.
The sources said the two companies are in talks for Qualcomm to invest as much as 10 billion yen ($121.5 million) in the Japanese struggling TV maker.
Sharp declined to comment.
- Air strike kills 15 civilians in Yemen by mistake: officials
- Pope attacks mega-salaries and wealth gap in peace message
- North Korea says Jang Song Thaek, uncle of leader Kim Jong Un, executed
- Probation for drunk Texas teen driver who killed four sparks backlash
- Atheists face death in 13 countries, global discrimination: study