Sharp reportedly accepts Foxconn's $6.2 billion takeover supply

Sharp reportedly accepts Foxconn's $6.2 billion takeover offer

Buddhika Weerasinghe/Bloomberg by way of Getty Photographs

In accordance with stories from Japanese enterprise journal Nikkei and Reuters, Sharp has determined to simply accept a takeover supply from Foxconn. Taiwan’s Foxconn is an enormous electronics producer greatest recognized for being the primary assembler of Apple’s iPhone, and Nikkei sources say its seven hundred billion yen ($6.2 billion) supply closed the deal, profitable over a bid from an funding group backed by the Japanese authorities. Final we heard, this transfer might put Foxconn in place to start out making and releasing its personal hardware underneath the Sharp model, however since no particulars have been formally introduced, we will solely speculate.

On this article: acquisition, enterprise, Foxconn, gear, Sharp
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