Back in September we heard a rumor that Foxconn was looking for help from Apple to take over Sharp, the company was rumored to be seeking funding from Apple for the deal.
Now according to a recent report by the Wall Street Journal, Foxconn may pay $5.3 billion for Sharp, the company has apparently turned down offers from Foxconn in the past.
Sharp currently makes displays for Apple’s iPhones, this would be a good move for Foxconn as they are one of Apple’s largest manufacturers making iPhones, iPads and other devices for Apple.
It is not clear as yet on whether Sharp will accept the bid of $5.3 billion, although it is said to be double that of a previous bid they received from another company.
Source WSJFiled Under: Technology News, Top News