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Business deals

Japan's Denso to pour $282m into OLED maker

Autoparts producer seeks to take on South Korean rivals in in-car panels

Denso showcases an OLED panel made by JOLED at an annual consumer electronics show in Las Vegas in January.

TOKYO -- Japanese autoparts maker Denso is investing 30 billion yen ($282 million) in JOLED, a spinoff of Sony's and Panasonic's display businesses, hoping to catch up with the South Korean competition in automotive panels.

Denso will take a roughly 15% interest through a private placement of new shares, becoming one of the biggest stockholders after the state-backed Innovation Network Corp. of Japan. Japan Display also holds a 15% stake in JOLED.

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