Sharp culls prospect of copier JV with Samsung

|About: Sharp Corp. ADR (SHCAY)|By:, SA News Editor

Sharp (SHCAY.PK -0.8%) ends talks with Samsung to create a copier joint venture, according to Kyodo.

The decision comes as Japanese firms like Canon have opposed the move due to concerns that key technology would fall into the hands of Samsung. The potential JV was a diet version of Samsung's original intent. The Korean giant's offer to acquire Sharp's copier business was rebuffed in March.