Tagged With "NHK"

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Sharp Corporation board picks Hon Hai offer over state-backed fund rescue

Art Post · 2/4/1611:42 PM

Sharp board members have decided to give Hon Hai preferred negotiating rights, choosing the Taiwan firm's offer over a rescue plan from a Japanese state-backed fund, a source familiar with the move said on Thursday. Hon Hai, also known as Foxconn and one of Apple's key iPhone assemblers, offered over 700 billion yen ($5.9 billion) for Sharp, more than double the amount of investment proposed by the fund, according to Japanese broadcaster NHK. Both Sharp and Hon Hai declined to...

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Sharp Corporation board picks Hon Hai offer over state-backed fund rescue

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