[Reuters] Qualcomm to invest $120 million in Japan's troubled Sharp

Posted by: UGN Security

[Reuters] Qualcomm to invest $120 million in Japan's troubled Sharp - 12/04/12 01:36 PM

TOKYO (Reuters) - Qualcomm Inc will invest as much as $120 million in Sharp Corp, a cash injection likely to make it the struggling Japanese TV maker's biggest shareholder, and to boost Sharp's efforts to remain viable.