Foxconn offers $5.3 billion to purchase SharpFoxconn 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'/>
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Source:
Foxconn offers $5.3 billion to purchase Sharp
