Sharp Jumps on Report of Tie-Up Talks With Apple, Google
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Sharp Corp. rose to the highest in more than three weeks in Tokyo trading after Kyodo News said the maker of liquid-crystal displays is in talks with Apple Inc., Google Inc. and Microsoft Corp. to form partnerships.
Sharp rose 6.2 percent to 172 yen, the highest level since Oct. 5. The stock has plunged 74 percent this year, the biggest percentage loss on the benchmark Nikkei 225 Stock Average. Miyuki Nakayama, a spokeswoman for Osaka-based Sharp, declined to comment on possible partnerships reported by Kyodo.