Sharp mulls selling most of LCD business to Japan Display - Yomiuri

Reuters
A man using his mobile phone walks past a logo of Sharp Corp outside an electronics shop in Tokyo, Japan, July 31, 2015. REUTERS/Yuya Shino/Files

TOKYO (Reuters) - Sharp Corp <6753.T> is considering selling a majority of its struggling liquid crystal display business to Japan Display Inc <6740.T>, the Yomiuri newspaper reported. Under the plan, Sharp would spin off the business into a joint venture in which it would hold less than 50 percent, the Yomiuri said. A Sharp spokesman said it had no immediate comment. Sources have told Reuters that Sharp is also in talks with Taiwan's Hon Hai Precision Industry Co <2317.TW> about a sale of the business. (Reporting by Chris Gallagher; Editing by Chang-Ran Kim)