13 result(s) displayed (1 - 13 of 13):
Sharp Corp. and Sony Corp. (NYSE:SNE) have agreed on plans for a long-anticipate LCD joint venture. The Japanese electronics makers have been contemplating the venture for well over a year, but until now, no deal had been finalized. Here are the details: Sharp will in October begin operating a Sakai...
Posted on July 31, 2009 3:11 PM
Many companies hit by the global economic downturn are restructuring their businesses and the Japanese electronics sector is considered overdue for consolidation. Earlier Thursday, Japan's Pioneer Corp. and Sharp Corp. merged their optical units to take advantage of the growing Blu-ray Disc market.And, recently, Panasonic Corp. sold its 40% stake...
Posted on April 9, 2009 11:29 AM
Citing people familiar with the matter, The Journal -- along with several other outlets -- said Toshiba Corp. will acquire the 40% of a struggling Panasonic Corp. (NYSE:PC) joint venture it doesn't already own. The JV makes liquid crystal displays for mobile phones and digital cameras. Toshiba plans to...
Posted on March 30, 2009 3:25 PM
NRG Energy Inc. (NYSE: NRG) and URS Corp. (NYSE:URS) are selling their 50-50 owned German mining and power joint venture, Mibrag BV, to another JV for €404 million ($519 million).The buyer, Czech power group CEZ, is a JV between power company CEZ Group and investment firm J&T Group. While...
Posted on February 25, 2009 2:52 PM
The overcrowded Japanese electronics market has seen tens of thousands of layoffs as firms try to cope with the recession. Panasonic Corp. is trying to kick off the M&A wave by buying Sanyo Electric Co. But that takeover has stalled as the firms announced a combined 16,200 job cuts.Still, a...
Posted on February 20, 2009 3:51 PM
As companies realign their priorities to better reflect economic realities, joint ventures appear to be a popular area of focus. Over the past few weeks, we've seen a number of companies delay, restructure or abandon JVs altogether. The most high profile in the group is Kuwait Petrochemical Industries Co., which...
Posted on January 30, 2009 12:40 PM
Oversupply and weak demand in the semiconductor industry is strangling Tokyo's Toshiba Corp. It has been widely reported that Toshiba is in talks to merge part of its chip operations with the semiconductor unit of NEC Corp., the Japanese PC maker that just said it would cut 20,000 jobs. Industry...
Posted on January 30, 2009 12:16 PM
Japan's Toshiba Corp. is talking with Fujitsu Ltd. to buy its money-losing hard-disk drive business for somewhere between ¥30 billion and ¥40 billion ($350 million and $450 million). If the deal goes through, it would make Toshiba the largest hard-drive producer in the world, but would put it in direct...
Posted on January 14, 2009 9:35 AM
Seemed like a good idea at the time. That's what memory chipmaker SanDisk Corp., which is cutting fab production, may be thinking as it looks back on its success in thwarting a $5.85 billion Samsung Corp. takeover. SanDisk called the bid opportunistic as its share price was dragged down by...
Posted on December 16, 2008 1:54 PM
South Korea's Samsung Electronics Co. Ltd., the world's No. 2 chipmaker, walked away from its proposed $5.85 billion acquisition of SanDisk Corp., saying the target's "risk profile" increased. SanDisk's $1 billion JV deal with Toshiba Corp. on Monday helped to sour Samsung on its acquisition hopes. SanDisk and Toshiba operate...
Posted on October 22, 2008 9:35 AM
SanDisk Corp. shares took a nosedive Monday as it signed a nonbinding memorandum of understanding with Tokyo's Toshiba Corp. The world's largest supplier of flash storage cards said it was selling about 30% of the current manufacturing capacity of the parties' joint ventures to Toshiba. SanDisk expects to receive...
Posted on October 20, 2008 12:06 PM
Samsung Electronics Co. Ltd. may acquire Milpitas, Calif.'s SanDisk Corp., the world's largest supplier of flash storage card products. Lehman Brothers Holdings Inc. estimates show Samsung already pays $400 million to $500 million annually to use SanDisk's flash memory patents, which could be reason enough to justify the acquisition ...
Posted on September 5, 2008 9:11 AM
On Wednesday, Toshiba Corp., Sony Corp. and Sony Computer Entertainment Inc. (SCEI) made their joint venture official. The agreement, which was first announced in October, calls for manufacturing high-performance semiconductors for game consoles, including the "Cell Broadband...
Posted on February 20, 2008 10:26 AM
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Juergen Lasowski
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