TVs Sharp will return to Europe

In September of this year, Sharp and Slovak Universal Media Corporation (UMC) announced a strategic cooperation. It was supposed that it will expand and strengthen ties with the manufacturer Sharp, which in 2014 has licensed the rights to sell TVs under the brand Sharp.

According to the source, Sharp she intends to return to the European TV market. For this Japanese manufacturer forms an Alliance with Skytec Group Limited, which deal with the promotion and sales of products under the brand Sharp. In addition, the company Skytec Sharp sell shares of UMC, with the result that she will become a subsidiary of Sharp. The transaction is valued at $ 85 million.

Plans return to the European market quite explain the decision of Sharp to discontinue the sale of Samsung’s LCD panels for TVs.

Source: CDR info, UMC

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