Troubled Japanese electronics manufacturer Sharp Corpor […]
Rarely have we seen the realities and dynamics of business, economics, politics, and culture in Japan and Asia put under such fine focus and within such a short deadline. Many fateful decisions will be made by Japanese leaders this month, with implications not only for Sharp and Hon Hai, but also for Japan, China and the rest of Asia.
A Taiwanese upstart could own one of Japan's most storied brands.
The Foxconn bid to take over Sharp is now only awaiting finalized details between the two parties, Foxconn's CEO Terry Gou told reporters on Friday, indicating that Innovation Network Corp. has indeed been cut out of the loop.
Foxconn Chairman Terry Gou said Friday that the Taiwanese iPhone assembler plans to seal a deal to buy troubled electronics provider Sharp by the end of the month, paving the way for one of the biggest foreign takeovers of a Japanese company.
Foxconn expects to seal a takeover deal with Sharp by the end of February. Executives from both companies met on Thursday and agreed on a number of items, but didn't sign any final agreements. Foxconn has been courting Sharp for a while now, and has offered $5.5 billion to buy the company. Show More Summary
It will be the largest acquisition by a foreign company in Japan's tech sector to date. Taiwanese manufacturing and supply firm Hon Hai Precision Industry Co, or more readily known as "Foxconn," will acquire Japan's Sharp Corporation for $5.5 billion, Reuters reports. Show More Summary
Foxconn is aiming to finalise a deal to acquire Japan's Sharp by the end of the month. ||| Osaka - Taiwan's Foxconn is aiming to finalise a deal to acquire Japan's Sharp by the end of the month, after the two firms reached a consensus...Show More Summary
Foxconn Technology Group Chairman Terry Gou is stepping up pressure on Sharp to quickly accept his proposed bailout. ||| Tokyo - Foxconn Technology Group Chairman Terry Gou is stepping up pressure on Sharp to quickly accept his proposed...Show More Summary
OSAKA, Japan (Reuters) - Foxconn should be able to reach a deal to acquire Sharp Corp over the next two to three weeks, after the two firms reached a consensus on most points at a meeting on Friday, Chief Executive Officer Terry Gou said. Show More Summary
TAIPEI (Reuters) - Taiwan's Foxconn has offered to invest around 659 billion yen ($5.6 billion) in struggling Japanese electronics maker Sharp Corp, two sources with knowledge of the matter said. Sharp has chosen Foxconn as its preferred bidder in takeover talks. Show More Summary
Foxconn is now the clear favorite to buy Sharp after offering $5.5 billion for the moribund electronics firm. The Wall Street Journal is reporting that Foxconn's bid was so large that it's now entering "exclusive talks" to seal the deal. Show More Summary
Sharp is indeed leaning towards a takeover by Apple's main manufactuing partner, Foxconn, but no exclusive negotiating rights have been offered, the company's CEO announced at a Thursday press conference.
Sharp is favoring an acquisition offer from Foxconn over a potential rescue from Japanese investors. Sharp has lost market share in the consumer electronics business over the last few years while prices for its display panels have sunk. Show More Summary
Sharp’s decision to move toward a deal with Apple supplier Foxconn is a victory for shareholders, who were otherwise doomed to a less-appealing Japanese government-linked offer.
The company plans to decide in the next month between competing offers from Foxconn of Taiwan and an investment fund financed by the Japanese government.
TOKYO (AP) — Troubled Japanese electronics maker Sharp plans to decide within a month between investment offers from Taiwanese company Hon Hai, also known as Foxconn, or a consortium of Japanese investors. Sharp Corp. has acknowledged...Show More Summary
Sharp has decided to enter exclusive talks with Taiwanese electronics assembler Foxconn over a takeover, people familiar with the matter said.
Sharp reportedly plans to enter talks with Foxconn over a takeover bid that could be worth some $5.5 billion, suggesting an end is near for Foxconn's bidding war with Innovation Network Corporation of Japan.
Sharp’s board is scheduled to meet Thursday to weigh competing takeover offers from a Japanese government-backed investment fund and Foxconn, but it is under growing pressure to postpone a decision to examine the Taiwanese electronics assembler’s bid more closely.