Japan state-backed fund mulls buying majority stake in Sharp: Yomiuri

Stated-backed fund Innovation Network Corporation of Japan (INCJ) is considering buying a majority stake in Sharp Corp for an estimated 200 billion yen ($1.63 billion) as part of its restructuring, the Yomiuri newspaper reported on Wednesday. Sharp may agree to the purchase after spinning off its loss-making liquid crystal display (LCD) business, the newspaper said. INCJ, which Japan launched in 2009 to keep the technology sector competitive, has been considering ways to invest in Sharp, and has