Paul Hastings Representing Samsung Electronics in US$110 Million Investment in Sharp Corp.
Seoul/Tokyo (March 7, 2013) - Paul Hastings, a leading global law firm, announced today that it is representing Samsung Electronics, a world leader in advanced semiconductor solutions, on its 10.4 billion yen (approximately US$110 million) investment – or 3 percent equity interest - in Sharp Corporation, the Japanese manufacturer of electronics goods and components, including liquid crystal displays. The parties entered into a definitive agreement on March 6, 2013 and expect to close the transaction, which marks the first capital tie-up between the two major consumer electronics makers, after satisfying regulatory procedures.
Paul Hastings has advised Samsung Electronics on a number of high-profile outbound acquisitions over the past few years including its acquisition of UK-listed CSR Plc’s handset connectivity and location development operations and its acquisition of Sweden’s Nanoradio AB, a developer of ultra low power Wireless LAN chipsets.
Paul Hastings is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.