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Title: Foxconn offers $5.3 billion to purchase Sharp Post by: HCK on January 21, 2016, 03:00:26 pm Foxconn offers $5.3 billion to purchase Sharp
Foxconn has made an offer to purchase display maker Sharp for $5.3 billion (¥625 billion), according to The Wall Street Journal. The Japanese manufacturer is also mulling an offer from government-backed investment fund Innovation Network Corp. of Japan, which already owns a controlling stake in another display manufacturer, Japan Display Inc. According to the WSJ: Foxconn, formally known as Hon Hai Precision Industry Co., is offering more money for Sharp and a willingness to shoulder all of its debt, people familiar with the offer said. Those conditions are meant to persuade Sharp's creditors to make a decision based on the economics of the deal, rather than political considerations, one person familiar with the matter said. Despite Sharp's troubles, the company's display and manufacturing know-how remain attractive to Foxconn, people familiar with the companies said. Also, while Foxconn principally assembles electronics to be sold under other brand names, the Sharp brand ...<br clear='all'/> <a href="http://rc.feedsportal.com/r/247388863348/u/49/f/616881/c/33998/s/4d0551a2/sc/28/rc/1/rc.htm" rel="nofollow"><img src="http://rc.feedsportal.com/r/247388863348/u/49/f/616881/c/33998/s/4d0551a2/sc/28/rc/1/rc.img" border="0"/>[/url] <a href="http://rc.feedsportal.com/r/247388863348/u/49/f/616881/c/33998/s/4d0551a2/sc/28/rc/2/rc.htm" rel="nofollow"><img src="http://rc.feedsportal.com/r/247388863348/u/49/f/616881/c/33998/s/4d0551a2/sc/28/rc/2/rc.img" border="0"/>[/url] <a href="http://rc.feedsportal.com/r/247388863348/u/49/f/616881/c/33998/s/4d0551a2/sc/28/rc/3/rc.htm" rel="nofollow"><img src="http://rc.feedsportal.com/r/247388863348/u/49/f/616881/c/33998/s/4d0551a2/sc/28/rc/3/rc.img" border="0"/>[/url] <img src="http://da.feedsportal.com/r/247388863348/u/49/f/616881/c/33998/s/4d0551a2/sc/28/a2.img" border="0"/> (http://da.feedsportal.com/r/247388863348/u/49/f/616881/c/33998/s/4d0551a2/sc/28/a2.htm)<img width="1" height="1" src="http://pi.feedsportal.com/r/247388863348/u/49/f/616881/c/33998/s/4d0551a2/sc/28/a2t.img" border="0"/><img width='1' height='1' src='(http://tipb.com.feedsportal.com/c/33998/f/616881/s/4d0551a2/sc/28/mf.gif)' border='0'/> Source: Foxconn offers $5.3 billion to purchase Sharp (http://feedproxy.google.com/~r/TheIphoneBlog/~3/iNX9LoXEUtA/story01.htm) |