China's Hisense To Buy Sharp America In $23.7M deal

August 5, 2015

Chinese TV manufacturer Hisense has today announced it will acquire Sharp America's TV business for the North and South American markets in a deal worth $23.7 million.

Hisense Group today released a statement confirming it would purchase "all equity and assets of Sharp's TV factory in Mexico for $23.7 million with rights to use the 'Sharp' brand name and all its channel resources in both North and South American regions."

Too bad the employees of Sharp could not have used an Employee Stock Ownership Plan (ESOP to structure a leveraged buyout.

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http://www.cnet.com/news/hisense-to-buy-sharp-america-in-23-7-million-deal/