Samsung invests $110-million in Sharp
Electronics maker Sharp has announced that Korean technology giant Samsung has invested $110 million in the company, effectively giving Samsung a three percent stake in Sharp and making it the biggest individual shareholder in Sharp that isn't a financial institution.
Samsung Electronics posted record quarterly profit of $5.15 billion, driven by booming sales of its smartphones and the Galaxy Note 'phablet', which it hopes will show it has a flair for innovation to match rival Apple Inc.