ED
Hon Hai Signs Acquisition Agreement with Sharp Signing Ceremony in Sakai, Osaka
Terry Gou, Founder and Chairman of Taiwanese electronics contractor Foxconn (official name Hon Hai Precision Industry Co., Ltd.), and Kozo Takahashi, Gou and Takahashi announced the final terms for the company's business in Osaka, Japan, Gou and Takahashi announced the final terms for the deal for the Foxconn to acquire Japan's Sharp at discounted rate on after a month of uncertainty. Originally Foxconn had offered $4.4 billion for a two-thirds stake in Sharp, but ended up paying $3.5 billion after undisclosed Sharp liabilities became apparent. Foxconn is expected to use its controlling stake in Sharp to strengthen its negotiating position with it's biggest customer, Apple Inc., now that it has access to the Japanese company's superior screen display technology.
Details
ID
33417449
Collection
License type
Editorial
Photographer
Creation date
02-04-2016
Contact Aflo for all commercial uses.
More
Top Categories