February 25, 2016

Foxconn Has Reportedly Secured A Deal To Buy Sharp For $6.2 Billion

A worker prepares a display of Sharp flat panel televisions for the 2009 International Consumer Electronics Show (CES) at the Las Vegas Convention Center in Las Vegas. It looks like Foxconn has won the race to buy troubled electronics maker Sharp after Japanese news agency Nikkei, which has a track record of getting major scoops right, reported a deal worth 700 billion yen ($6.2 billion) has been agreed. Samsung and state-backed Japanese fund Innovation Network Corp are also said to have lodged bids. Read More

Source: TechCrunch