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Sharp To Sell Pioneer Stake

TOKYO – Struggling electronics vendor Sharp is looking to sell its stake in another consumer electronics company, Pioneer, as it seeks pay off $2.14 billion in debt.
Sharp is looking to dispose of its 9.2 percent stake, or 30 million shares, in Pioneer, the Japan Times reported.

The two companies intend to keep collaborating and Pioneer will retain its 0.8 percent in Sharp, the paper noted.

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