http://www.wsj.com/articles/sharp-to-accept-foxconn-takeover-offer-report-says-1454557172
https://twitter.com/mochi_wsj
http://www.wsj.com/articles/sharp-to-accept-foxconn-takeover-offer-report-says-1454557172
Takashi Mochizuki ‏@mochi_wsj 4h4 hours ago
NHK says Foxconn to take over Sharp.
Takashi Mochizuki ‏@mochi_wsj 3h3 hours ago
Very surprising move! Sharp to enter exclusive talks with Foxconn over takeover, sources say: http://on.wsj.com/1JZfG0K
Takashi Mochizuki ‏@mochi_wsj 2h2 hours ago
There's no fresh words from Sharp regarding Foxconn in the form of statement released 3pm. CEO Takahashi to meet the press soon
https://twitter.com/mochi_wsj
TOKYO— Sharp Corp. has decided to enter exclusive talks with Taiwanese electronics assembler Foxconn over a takeover, people familiar with the matter said Thursday, in a last-minute turnabout that could clear the way for one of the most prominent investments by a foreign company in Japan.
Foxconn—formally known as Hon Hai Precision Industry Co.—and Innovation Network Corp. of Japan, a government-backed fund, have been competing for control of Sharp since last year. The century-old Osaka-based electronics maker has suffered deep losses after its consumer-electronics business declined and it faced tougher competition in the display panels it sells to smartphone makers.
INCJ initially had the advantage, people familiar with the process said, in part because its bid would keep Sharp’s display technology in Japanese hands.
But Foxconn Chief Executive Terry Gou traveled to Japan last week to make a personal appeal for his bid, which Foxconn raised last week to ¥659 billion ($5.5 billion), according to people familiar with the matter. That compared with an offer from INCJ the people said was worth no more than ¥300 billion.
http://www.wsj.com/articles/sharp-to-accept-foxconn-takeover-offer-report-says-1454557172