We have been hearing rumors for a while that Foxconn were looking at buying Sharp and earlier today Sharp announced that they had accepted a bid of 700 billion Yen $6.24 Billion from Foxconn.
The deal was about to go ahead, although it has now been delayed as Foxconn has received a list of ‘contingent liabilities’ from Sharp which are around 350 billion Yen.
The two companies have been in talks for some time, so it is expected that the deal will still go ahead, although there could possibly be some changes to it before it is final.
As soon as we get some more details on exactly what is happening in the deal between Sharp and Foxconn, we will let you guys know.
Source The Verge
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