Foxconn agrees to buy Sharp for ¥389 billion

Mar 30, 2016

Foxconn agrees to buy Sharp for ¥389 billion

Hon Hai Precision Industry Co. agreed Wednesday to buy control of financially struggling Sharp Corp. for ¥389 billion ($3.5 billion) in the first takeover of a major Japanese electronics producer by a foreign company. The agreement by Hon Hai, also known as Foxconn, followed ...

Mar 28, 2016

Tokyo Mitsubishi UFJ to set new credit line for Sharp: sources

The Bank of Tokyo-Mitsubishi UFJ (BTMU) decided Monday to set a new credit line for Sharp Corp., sources familiar with the matter said, as the struggling electronics maker seeks to sign a takeover deal with Taiwan’s Hon Hai Precision Industry Co. Sharp’s other major ...

Mar 4, 2016

Hon Hai may ink Sharp acquisition deal Monday: sources

Ailing Japanese electronics maker Sharp Corp. and Taiwan’s Hon Hai Precision Industry Co. are expected to sign a deal next week, possibly Monday, on Hon Hai’s acquisition of Sharp, according to sources familiar with the matter. Hon Hai is expected to shortly finish its ...