Global law firm White & Case LLP has represented US-based Qualcomm Incorporated in its investment of up to US$120 million in Sharp Corporation, listed on the Tokyo Stock Exchange. The deal signed on December 4, 2012.
Qualcomm is scheduled to invest US$60 million in exchange for newly issued shares representing approximately 2.5% of Sharp’s outstanding share capital at the end of 2012 and another US$60 million in 2013 contingent upon the satisfaction of certain milestones.
The transaction was led by Tokyo partners Christopher Wells and Ayako Kawano, with the support of associates Eric Marcks and Keita Imaizumi.
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