KKR Among Sharp's Potential Sponsors: Nikkei

(RTTNews) - U.S. buyout firm KKR & Co (KKR) is apparently taking an interest in Sharp Corp (SHCAY.PK), Nikkei business daily reported Saturday, without citing sources. The U.S. private-equity firm is known to have submitted a rebuilding proposal that includes investment.

Japan Display, whose top shareholder is the government-sponsored Innovation Network Corp. of Japan, is looking to acquire Sharp's liquid crystal display business, the Nikkei added.

The New York-based KKR has presented rebuilding plans for Sharp, the report said, adding that the U.S. firm would use expertise of the state-backed Innovation Network Corporation of Japan (INCJ).