Qualcomm finally completes $120M investment in Sharp
Qualcomm's $120 million investment in Sharp has officially been completed.
Back in December, Qualcomm announced that it would invest $120 million in the ailing Sharp in return for about 3.5 percent ownership. Qualcomm dropped $60 million into Sharp when the deal was announced, but decided to keep the balance until Sharp met several conditions, including the fabrication of power-conserving screens.
In March, Sharp announced that it wouldn't meet all of the conditions, prompting Qualcomm to withhold its remaining $60 million investment until the company could get to where it needed to be.