Foxconn finally agrees to buy Sharp for $3.5 billion

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Foxconn finally agrees to buy Sharp for $3.5 billion

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<p>Deja vu? The Foxconn acquisition of Sharp was almost a done deal a few weeks ago, until Sharp revealed some additional liabilities at the eleventh hour it had not previously disclosed. This meant Foxconn had to go back to the drawing board and re-assess the deal, renegotiating some parts of the contract with Sharp. The initial offer was worth $6.2 billion. Today, the companies announced Foxconn will buy Sharp in a $3.5 billion dollar deal.</p>
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Source: Foxconn finally agrees to buy Sharp for $3.5 billion