December 26, 2019 / 11:24 PM / 24 days ago

CORRECTED-Japan Display discussing factory sale to Apple, Sharp -Nikkei

(Corrects reported sale figure in paragraph one. Story was previously corrected to fix dollar conversion numbers)

TOKYO, Dec 27 (Reuters) - Japan Display Inc is discussing the sale of its key smartphone screen factory to Apple Inc and Sharp Corp for 80 billion to 90 billion yen ($730 million-$820 million), the Nikkei business daily reported on Friday.

The cash-strapped company had said earlier this month that financial support of $200 million promised by “a customer”, which sources said was Apple, may come in the form of purchasing equipment at the plant.

Those discussions appear to have switched to the sale of the entire factory, the Nikkei said. Japan Display owes Apple more than $800 million for the $1.5 billion cost of building the plant four years ago. ($1 = 109.4500 yen) (Reporting by Chang-Ran Kim; Editing by Sandra Maler)

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