Last updated: March 22, 2018

Business › Foxconn agrees to Sharp at reduced price

The Taiwanese company that assembles Apple’s iPhones agreed Wednesday to buy control of financially struggling Sharp Corp. for $ 3.5 billion in the first foreign takeover of a major Japanese electronics producer.

The acquisition by Foxconn unites Sharp, a pioneering electronics brand founded in 1912, with a company six decades younger…
Japan Today: Japan News and Discussion – Business

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