Foxconn Technology Group has offered as much as $5.3 billion to purchase Sharp, according to media reports this week. Foxconn, formally known as “Hon Hai Precision Industry Co.,” is said to have offered between $5.1 billion, or 600 billion yen, and $5.3 billion, or 625 million yen. A response to the offer is not expected before the end of January, as the discussions are private. Shares of Sharp were up last week amid reports that Foxconn was interested in making a major investment in the company.
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Foxconn Makes $5.3B Bid for Sharp
Posted by: David Jones January 22, 2016 03:28 PMFoxconn Technology Group has offered as much as $5.3 billion to purchase Sharp, according to media reports this week. Foxconn, formally known as “Hon Hai Precision Industry Co.,” is said to have offered between $5.1 billion, or 600 billion yen, and $5.3 billion, or 625 million yen. A response to the offer is not expected before the end of January, as the discussions are private. Shares of Sharp were up last week amid reports that Foxconn was interested in making a major investment in the company.