Tech Business Roundup: Sharp’s New Funding, Dish & Others Discuss New Internet Offerings
Sharp Corp (SHCAY.PK) has secured ¥360 billion, or $4.6 billion, of syndicated funding that supplants an existing ¥150 billion arrangement. Specifically, the new funding consists on two parts: a ¥180 billion loan and a ¥180 billion credit facility. The move will allow the crucial supplier for Apple (NASDAQ:AAPL) to meet a deadline at the end of September to redeem the remainder of ¥360 billion in commercial paper.
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Dish Network Corporation (NASDAQ:DISH) is in talks with Viacom (NYSE:VIAB), Univision, and Scripps Networks Interactive (NYSE:SNI) in regards to offering their channels over the Internet. If successful, this would represent the largest attempt thus far to form a legal Internet service with live cable channels, according to Bloomberg. Through the proposed arrangement, the companies would charge a lower price for a smaller bundle of channels which would exclude sports, the inclusion of which is why typical cable bills are so high. What took this idea so long?
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