Embattled Sharp Corp. is considering selling its struggling liquid crystal display business, sources close to the matter said Friday, with Taiwan's Hon Hai Precision Industry Co. and rival Japan Display Inc. viewed as potential buyers.
Sharp may spin off its LCD business into a new company and sell a majority stake in it, the sources said, adding that the Osaka-based company is seeking to decide on a reform plan for the LCD business by the end of the year.
Sharp is also in final negotiations to sell its head office in Osaka's Abeno Ward to the NTT Corp. group's Urban Development Corp., the sources said.