Tagged With "Taiwan's Foxconn"
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Re: Samsung Says Offer for Sharp’s Photocopier Unit Rejected
Yoda: Here is that release, still tough times for Sharp. After failing to advance far enough toward a manufacturing process goal, Sharp says that it will miss a March 29 deadline to receive the second half of a $120 million investment from chipmaker Qualcomm. In December, the ailing Japanese electronics maker said it reached a partnership with U.S.-based Qualcomm, which agreed to invest $120 million in a project to jointly develop display panels. However, as reported by Reuters, Qualcomm's...
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Re: Foxconn Lowering Offer for Japan's Sharp
I mentioned this three weeks ago when I saw the draw back from Foxconn. Sharp has no other alternative move but to accept whatever offer comes it's way. Huge loans are due April 1st to the Japanese banks. Wonder if Gou will stay with the same monetary commitment and get all of Sharp or lower the amount and stay with the same percentage from the original deal. If the offer is less, than Sharp will have to re work it's comeback plan, and I'm sure that comeback plan will affect many of the...
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Re: Foxconn Lowering Offer for Japan's Sharp
Article from last night stated that since Foxconn, is offering 900 million less because of debt and year end financials that Samsung is ready to make a last minute offer for Sharp. This is crazy!
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Re: Toshiba shares fall after report trust banks preparing to sue
Rumor has it, Terry Gou (CEO) Foxconn is interested.
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Foxconn to build US$9 billion chip plant in China with local govt
Taiwan's Foxconn and its Japanese electronics unit Sharp Corp are in the final stages of talks to build an advanced chip plant in Guangdong, China, with a local government, the Nikkei business daily reported. TOKYO: Taiwan's Foxconn , Apple Inc's iPhone assembler, is in the final stages of talks with the local government of the Chinese city of Zhuhai to build a chip plant there with a total investment of about US$9 billion, the Nikkei business daily reported on Friday. The total investment...
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Sharp contractors axe 3,000 staff as iPhone sensor output shifts: union
TOKYO (Reuters) - Nearly 3,000 foreign workers subcontracted to Sharp Corp have been laid off in central Japan, a labour union said, as the firm moves production of some sensors for Apple iPhones to a Chinese plant owned by its parent Foxconn. The labour union said some of the laid off workers were its members. The union is in Mie Prefecture in central Japan, where Sharp's plant is located. The news of the relocation, first reported by the Nikkei business daily, and the layoffs sent Sharp...
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Sharp lifts annual profit outlook, to retire some preferred shares
TOKYO (Reuters) - Sharp Corp nudged its full-year profit outlook higher on Tuesday amid a turnaround under the ownership of Taiwanese contract manufacturer Foxconn, and said it plans to retire some preferred shares. The Osaka-based electronics maker, a supplier to Apple Inc, said it expects an operating profit of 112 billion yen ($993.88 million) in the year through next March compared with a previous 110 billion yen forecast. The company has slashed costs after being taken over by Foxconn,...
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Sharp doubles M&A budget to sell more printers abroad
OSAKA -- Sharp plans to expand its overseas sales network for printers by doubling funds to acquire vendors. Lagging behind Canon and Fuji Xerox in a saturated market for multifunction printers, the electronics maker has adopted a strategy of purchasing others' sales channels rather than develop them on its own. Sharp will set aside about 12 billion yen ($108 million) for mergers and acquisitions this fiscal year, targeting vendors, especially those strong in corporate sales, in such markets...
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Sharp’s Recovery Spotlights the Strength of Corporate Alliances Between Japan and Taiwan
The Intent of Sharp’s Offensive and Defensive Strategies Sharp and Toshiba, two large corporations that once epitomized Japan as a consumer electronics superpower, could hardly differ more in their performance and outlook. On June 5, Sharp announced offensive and defensive strategies of issuing up to ¥200 billion in new shares to improve its financial standing and of acquiring Toshiba’s PC business. Although it later scuttled the stock plan due to market instability arising from recent trade...
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Sharp Q1 operating profit soars 45 pct on growth in electronic devices
TOKYO, July 31 (Reuters) - Sharp Corp reported on Tuesday a 45 percent rise in first-quarter operating profit as revenue at its electronic devices segment soared, cementing its recovery under the ownership of Taiwan’s Hon Hai Precision Industry Co Ltd (Foxconn). The company said its operating profit was 24.8 billion yen ($223 million) for the April-June period, compared with 17.11 billion yen a year earlier. Seven analysts on average expected operating profit of 18.8 billion yen, according...
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MFP Industry News August 5th 2018
Xerox and Fujifilm battle update - Nikkei Asian newspaper interviewed Shigetaka Komori, CEO of Fujifilm; "Fujifilm can grow without the acquisition (of Xerox), which does not mean we will lose our future." o is continuing its attempts to acquire Xerox, but has denied it will make any compromise, even if it fails in the bid. o "We would not go as far as to raise our terms of acquisition, set in January, to realize the deal." o "It will be better if we can buy Xerox", but the acquisition "is...
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The Copier Industry Fast Forward Twenty Years
The year is 2039. It's hard to believe that it's been 15 years since the mighty Xerox Corporation folded. One remembers that statement in December of 2018 that touted Xerox "Unable to Adjust". My how the mighty have fallen. It wasn't only Xerox that fell to the paperless society that we now see today. Canon Let's take a trip back to late 2022, it was late in November that Canon announced that they were going to cease to manufacturing A3 multi-functional devices. That decision was made...
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This Week in the Copier Industry 5 Years Ago (First Week of February 2015)
Do you want to relive the madness from 5 years ago when Sharp was sinking fast? If so we've got many of those threads in this weeks edition of what went on in the copier industry 5 years ago. Foxconn and the people have done an excellent job in rebuilding the brand, the programs and adding quality dealers! Enjoy These Threads from 5 Years Ago This Week! Bid Tabulation for Canon, Lanier & Toshiba for 180 plus Copiers Art Post · 2/7/1511:41 PM...
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Sharp reports last quarter’s earnings
- Sharp is division of Hon Hai Precision of Taiwan, also known as Foxconn - total sales down 1.2% to 634.9 billion yen - Operating profit was up 38.5% to 29.4 billion yen - (did not break out earnings for printer/MFP division)
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This Week in the Copier Industry 5 Years Ago (Second Week of April 2015)
For each of the next few blogs I'll be inserting some tips from what other dealers and sales peeps are doing on a daily basis from around the globe for staying relevant with their clients and prospects. 1. Promote yourselves and our business daily on social media Enjoy these incredible threads from 15 years ago this week! This Week in the Copier/Office Equipment Industry 10 Years Ago Third Week of April 2005 Art Post · 4/12/157:15 PM . Built-in Wi-Fi in printers could make a tech's 4/18/05...
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This Week in the Copier Industry 5 Years Ago for the Second Week in April of 2015
For those of you that are new to the industry, there's a cool blog I wrote about making the phone calls. Believe it or not the phone is your friend. You can read that here or below. Fourty Eight Hundred Phone Calls a Year Can Equal a Lot of Dough! Enjoy these awesome threads from 5 years ago this week! Bid Tabulation for Xerox_Sharp_Samsung_Canon_Kyocera.pdf Art Post · 4/14/1512:55 PM Topic Konica Minolta Expands and Enhances Corporate Communications Team at US Headquarters Art Post ·...
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Japan's Sharp Halves Full-Year Profit Forecast as Virus Hits Tech Demand
TOKYO — Japan's Sharp Corp, an Apple Inc supplier, cut its full-year profit forecast by 48% on Friday, as demand for technology devices took a hit from the coronavirus outbreak. Sharp, which makes sensors, camera modules and screens for Apple's iPhones, expected annual operating profit in the year ended in March to come in at 52 billion yen ($489 million), down from its previous forecast of 100 billion yen. The company, a unit of Taiwan's Foxconn, said the coronavirus outbreak hurt...
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Sharp gobbles NEC as Japan's display giants team up to take on Europe and North America
Not copier news but still interesting as Terry Gou continues to acquire Japanese display giant Sharp will gobble NEC's display business in a push to expand into North America and Europe. Under the terms of the deal, Sharp will acquire two-thirds of NEC Display Solutions (NDS) and form a joint venture to take the two companies' products to market. NDS makes LCD displays, professional projectors, and digital cinema products and solutions. The company has a sales of 63.2 billion yen ($571m) but...
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Sharp bolsters defense with promotion of cost-cutter Nomura
OSAKA -- Sharp will promote Chairman and CEO Tai Jeng-Wu's top deputy as president, creating a two-man leadership team as the company faces the challenge of restoring finances battered by the coronavirus pandemic. Executive Vice President Katsuaki Nomura will become president and COO effective June 25, the company said Tuesday. Tai will vacate his post as president but remain chairman and CEO. "We'll form a strong tag team to once again restore" the company, Nomura said during Tuesday's...
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Re: Foxconn Buys 10% of Sharp Corp
Sharp is a big company and its businesses operate pretty autonomously. Plus its pretty common for panel makers to partner-up to share the costs and mutually benefit from the manufacturing scale. If anything, its a testament to how much $ Foxconn is making.
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Re: Foxconn Buys 10% of Sharp Corp
We all know Sharps main focus is not office equipment, the question is will Sharp move further away from office equipment with the foxconn purchase. I'm thinking yes...others?
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Re: Foxconn Buys 10% of Sharp Corp
Has anyone seen the documentary special on TV covering the history of FoxConn....it was amazing to watch all the people acting like robots and elbow to elbow. Then they actually put up nets around the building because workers were jumping off the roof and committing suicide because of the harsh working conditions. It just like it is in the copier business. :-) You can also find many videos online....watch them....it almost does not entice someone to buy an ipad.
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Re: Foxconn Buys 10% of Sharp Corp
I thought I hd heard of foxconn before, thanx for the memories. Poor people jumping off, thats a dam shame!
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Re: Sharp has Serious Money Problems!
Sharp Corp. (6753), the Japanese panel maker selling a stake to Foxconn Technology Group, fell in Tokyo trading after its credit ratings were cut and a report said the company offered to lower the price of the shares. Sharp dropped as much as 8.1 percent to 182 yen and traded at 188 yen as of 1 p.m., extending the Osaka-based company’s decline this year to 72 percent. Hon Hai Precision Industry Co. (2317), Foxconn’s flagship company, rose to the highest level in four months in Taipei after...
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Re: Sharp has Serious Money Problems!
The 100-year-old inventor of mechanical pencils needs to pen a new plan to make it to 101. Sharp Corp. (6753), Japan’s biggest liquid-crystal display maker, put up its Osaka headquarters and some plants as collateral last week to win bank loans after its credit ratings were cut to junk. The supplier to Apple Inc. (AAPL) is also renegotiating a stock sale to Taiwan’s Foxconn Technology Group as it tries to recover from record losses and a 70 percent slump in shares this year. Within six...
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Re: Sharp has Serious Money Problems!
Sharp Corp. (6753) may lose more money than it forecast this year, analysts predict, increasing pressure on the struggling Japanese electronics maker to raise funds and complete a stake sale to Foxconn Technology Group. The company likely will report a net loss of 295 billion yen ($3.8 billion) for the year ending March 31, according to the average estimates of seven analysts compiled by Bloomberg. Sharp last month forecast a 250 billion-yen net loss, eight times greater than originally...
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Re: Sharp has Serious Money Problems!
Banks bailing out money-losing Sharp Corp. (6753) to the tune of $4.6 billion may increase their management oversight of the Japanese television maker to support its return to profit. Mizuho Corporate Bank Ltd. and Bank of Tokyo-Mitsubishi UFJ Ltd. plan to send executives to Sharp, the Asahi newspaper reported yesterday. The lenders, based in Tokyo, are selecting the executives and plan to discuss the matter with the company, the newspaper reported, without saying how it obtained the...
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Re: Sharp has Serious Money Problems!
Sharp Corp. (6753), Japan’s biggest maker of liquid-crystal displays, fell the most in two weeks in Tokyo trading after the Nikkei newspaper said the company may post a 400 billion-yen ($5 billion) loss for the first half. The shares dropped as much as 6.6 percent to 156 yen, headed for the biggest decline since Oct. 9, and traded at 159 yen as of 9:54 a.m. Sharp said Aug. 2 it may post a 210 billion- yen net loss for the six months ended Sept. 30. Sharp is cutting jobs and selling...
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Re: SHARP Action
All of the Sharp doubters need to read this report from computerworld: IDG News Service - Intel is in final negotiations to invest up to $500 million in struggling Sharp of Japan, the Kyodo News agency reported Tuesday. Japan's largest news agency said the companies were discussing an investment of between 30 billion and 40 billion yen. It reported Sharp is also negotiating with Qualcomm, the U.S. maker of chips and components for mobile devices. Sharp, in the midst of a restructuring and...
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Re: Sharp has Serious Money Problems!
Sharp Corp has agreed to sell three of its overseas factories to Foxconn Technology Group (富士康科技集團) for about ￥55 billion (US$667 million), Sankei newspaper said, citing unnamed sources. The television assembly plants are located in Mexico, Malaysia and Nanjing, China, and sale procedures will start as early as this month, Sankei reported. Sharp said last month there was “material doubt” about its ability to survive after forecasting a record ￥450 billion, full-year loss on falling demand...
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Re: Sharp has Serious Money Problems!
TOKYO – Qualcomm will invest $120 million in the struggling Japanese electronics giant Sharp, throwing a fresh lifeline to the company after Sharp issued a dire warning last month about its ability to keep operating. In a statement, Sharp, the maker of Aquos televisions, said it would issue 4.9 billion yen ($59.7 million) worth of new shares to Qualcomm at 164 yen a share, a slight discount to the company’s closing share price on Tuesday. Sharp said it had secured a second investment of up...
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Re: Sharp has Serious Money Problems!
Sharp Corp. (6753), Japan’s worst- performing major stock, rose the most in at least 38 years in Tokyo trading as concerns the company can’t pay its debts eased. Sharp surged as much as 24 percent, the biggest gain since at least 1974, and traded at 325 yen at the 11:30 a.m. break, heading for the highest close since July 13. Sharp has declined 52 percent this year, the biggest drop on Japan’s benchmark Nikkei 225 Stock Average (NKY), which has gained 18 percent. The TV maker, which said...
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Re: Sharp has Serious Money Problems!
Taipei, Jan. 14 (CNA) Taiwan-based Hon Hai Precision Industry Co. confirmed Monday that it still plans to buy a stake in ailing Japanese electronics giant Sharp Corp., after a Sharp executive said the company may have several suitors. Negotiations on the possible tie-up are ongoing, a Hon Hai spokesman said when asked about comments on the potential deal made by Sharp China Group general manager Nobuyuki Sugano to a Chinese newspaper over the weekend. Hon Hai, the world's biggest contract...
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Re: Sharp has Serious Money Problems!
Sharp cuts 70 jobs from its mobile business in China but denies it will exit the market Sharp has confirmed that it is laying off 70 employees from its mobile business in China, but the company maintains it will not exit the country’s phone market, according to local media reports. A Sharp PR representative told Chinese new site National Business Daily that the firm is adjusting its business in China with the restructuring, which will see partner Foxconn take control of the development and...
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Foxconn Buys 10% of Sharp Corp
The following appears on sfgate.comMarch 28 (Bloomberg) -- Foxconn Technology Group and founder Terry Gou will invest 133 billion yen ($1.6 billion) in Sharp Corp. and its display unit as the maker of Apple Inc.'s iPad seeks a supply of flat panels to...
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Sharp Corp esitmated to lose $4.7 Billion Dollars!!
Sharp (6753) Corp., the Japanese TV maker that’s turning to Foxconn Technology Group (FOXCGZ) and founder Terry Gou for a $1.6 billion investment, widened its record loss forecast to 380 billion yen ($4.7 billion). The net loss in the year ended...
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Canon to cut cost using robots
Japanese electronics company Canon plans to cut at least 400 billion yen (US$4.84 billion) in cost in the next four years by increasing the use of industrial robots in its production line, says report. A Reuters report Wednesday, citing Japanese daily...
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INCJ sticks by rescue plan for Sharp as Foxconn talks continue
Japan’s Innovation Network Corp. is confident Sharp Corp. will see its rescue plan as superior to a competing bid even as the struggling electronics maker enters talks with Taiwan’s Foxconn Technology Group. “We are not giving up,” INCJ Chief Executive Officer Toshiyuki Shiga said in a recent interview in Tokyo. “Ours is clearly the better option for Sharp.” While Foxconn is bidding for the whole company, INCJ plans to inject cash and revive individual Sharp businesses by combining them with...
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Japan fund makes late move to thwart Hon Hai in Sharp battle: sources
A Japanese state fund is making a final effort to secure a takeover of Sharp Corp ( 6753.T ) as the ailing electronics maker considers a higher $5.8 billion offer from Taiwan's Foxconn ( 2317.TW ), criticizing the composition of the company's board, sources said. Innovation Network Corporation of Japan (INCJ) officials are taking issue with two of Sharp's board members who they believe have a conflict of interest as they represent a fund that holds preferred shares in the electronics...
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Who would have thought that Canon, Ricoh, Sharp & Samsung would..
Who would have thought that by the summer all of these scenarios could play out. Foxconn buys Sharps Ricoh buys Xerox (the hardware division) , Ricoh gets back all of the dealers they lost to global Canon buys Lexmark (the hardware division) Samsung buy Sharp Imaging Business unit from Foxconn Sounds crazy right? By the time most of you read this Sharp will have either accepted the Foxconn offer of the INCJ offer. INCJ is an investment fund that is backed by the government of Japan, the sole...
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Japan's Sharp to vote on rival takeover bids on Thursday: sources
Sharp Corp ( 6753.T ) plans to choose between rival rescue offers as soon as Thursday, as a favored bid from Taiwan's Foxconn continues to be challenged by a Japanese state-backed investment fund, people with direct knowledge of the matter said. The board of the ailing electronics maker met on Saturday to discuss the two takeover proposals, according to the sources, who requested anonymity because they were not authorized to speak to the media. The company's 13-member board holds a regularly...
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Sharp To Vote On Two Takeover Bids, Firm To Choose Between Foxconn Or INCJ Deal
Sources familiar with the matter, who have opted to remain anonymous, have further stated that Sharp's 13-member board met on Saturday to discuss the rival takeover proposals. The results of the board's discussions will allegedly be announced on Thursday, a day after the company's regularly scheduled meeting. read more here
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Sharp to start two-day board meeting on Foxconn's $5.9 billion offer - sources
TOKYO Loss-making Japanese electronics maker Sharp Corp's ( 6753.T )board begins a two-day meeting on Wednesday to decide if it should accept a $5.9 billion (£4.2 billion) takeover by Taiwan's Foxconn instead of an offer from a state-backed fund, sources with direct knowledge of the matter said. A deal with Foxconn, the world's biggest assembler of Apple Inc ( AAPL.O ) products known formally as Hon Hai Precision Industry Co ( 2317.TW ), would pave the way for the largest acquisition by a...
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Sharp Accepts Foxconn’s $6.24 Billion Takeover Offer
Sharp Corp.s board approved a plan Thursday for Apple Inc. assembler Foxconn Technology Group to take over the company for 700 billion ($6.24 billion), people familiar with the situation said, in a rare case of Japan Inc. relinquishing a venerated brand to a foreign buyer. read the rest here
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Sharp Corporation "What Happens Now?"
Well, it took long enough. I'm sure this brought a smile to Vince's face. I see that he's on the site right now. What happens NOW? Initial reports from a few days ago stated that Sharp Execs would kept on board. There was no mention of how long from recent reports, and I would those execs may have a year or so at most. If I were Terry Gou, I would offer them an additional severance package to leave early. You don't want them hanging around and mismanaging the company. Another report stated...
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Foxconn, Sharp Said to Weigh Revising Terms of Approved Deal
Taiwan’s Foxconn Technology Group and Sharp Corp. worked through the weekend to salvage their proposed $6 billion deal with one potential outcome being a revision to terms the Japanese’s board approved just last week, according to people familiar with the matter. Bankers and lawyers are going through a list of Sharp liabilities that could exceed 300 billion yen ($2.6 billion), a last-minute stumbling block in Foxconn’s effort to take control of the struggling Japanese company, according to...
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Hon Hai chief in final push to close Sharp deal
OSAKA -- Hon Hai Precision Industry Chairman Terry Gou is in Japan holding late-stage talks on a deal to buy embattled electronics giant Sharp , with both sides seeking to conclude by Monday. He is negotiating with President Kozo Takahashi. If the deal is reached, which could be later than Monday, the two companies will make the announcement in a press conference, . Sharp's board voted to approved a purchase by Hon Hai, or Foxconn, on Feb. 25. But the Taiwanese conglomerate decided on the...
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No Foxconn-Sharp deal before Wednesday
TAIPEI/TOKYO -- Key iPhone assembler Hon Hai Precision Industry will sign an agreement to acquire Sharp , the embattled Japanese electronics maker, perhaps by Wednesday, a person familiar with the talks has told the Nikkei. The two sides had agreed to try to wrap up a deal by Monday, but according to the source, Wednesday is now the earliest the acquisition could be made. The person did not elaborate on the reasons behind the delay. Another source said the two sides will finish their due...
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Foxconn close to sealing Sharp deal
TOKYO: Talks for Taiwan's Foxconn to acquire a majority stake in Japan's Sharp Corporation are "on the right track", people familiar with the matter said on Monday, after a last-minute hitch over contingent liabilities caused delays last month. Discussions are set to conclude this week, one person said, adding that most of the due diligence is done. Foxconn late last month suspended the signing of a deal to take over the loss-making Japanese electronics firm, citing the emergence of new...