Sharp, Lenovo in talks to form TV tie-up, Nikkei reports

theflyonthewall.com

The Nikkei has learned that Sharp (SHCAY) is in the final stages of discussions to form a partnership with Lenovo (LNVGY) in TV operations. Sharp could sell all the shares in a Chinese unit operating an LCD TV assembly plant in Nanjing to Lenovo by year-end under the plan. Other Chinese divisions handling development and sales could be turned into 50-50 joint ventures. The companies may sign a memorandum of understanding as early as this month.

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