Deals
Apple Grants $100 Million Lifeline to Ailing Japan Display
- The iPhone maker joins Chinese fund Harvest’s investment
- Japan Display is still a ways away from its original target
This article is for subscribers only.
Apple Inc. is providing a $100 million lifeline to Japan Display Inc., a person familiar with the matter said, shoring up a key smartphone display supplier that’s trying to salvage a bailout package after multiple investor departures.
The U.S. company is stepping in after Taiwan’s TPK Holding Co. withdrew from a $1.1 billion rescue plan for the Japanese firm, the person said, asking not to be identified discussing a private deal. Cosgrove Global Ltd. and Topnotch Corporate Ltd. pulled out shortly after, leaving the bailout in limbo.