Home  ›  News  ›

Sharp Accepts Lowered Takeover Bid from Foxconn

Article Comments  

Mar 30, 2016, 7:37 AM   by Eric M. Zeman

Foxconn has agreed to acquire a 66% stake in Sharp for $3.5 billion, said the companies today. The sale price is considerably less than the $5 billion Foxconn offered earlier in the month. Foxconn is a Chinese company known mostly for building Apple products. Sharp, based in Japan, chiefly makes displays. It has suffered from financial problems for years. Foxconn believes adding Sharp's display technology to its own product mix will help it earn more manufacturing business from companies like Apple.


more news about:



This forum is closed.

This forum is closed.

No messages

Page  1  of 1

Subscribe to news & reviews with RSS Follow @phonescoop on Threads Follow @phonescoop on Mastodon Phone Scoop on Facebook Follow on Instagram



All content Copyright 2001-2024 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.