Foxconn offers to invest around $5.6 billion in Sharp - sources

Sharp has chosen Foxconn as its preferred bidder in takeover talks. One source said Sharp`s board on Thursday had voted 13-0 to negotiate with Foxconn instead of a state-backed Japanese fund, the Innovation Network Corp of Japan.

|Last Updated: Feb 05, 2016, 06:06 AM IST|Source: Reuters

TAIPEI - Taiwan`s Foxconn has offered to invest around 659 billion yen ($5.6 billion) in struggling Japanese electronics maker Sharp Corp, two sources with knowledge of the matter said.

Sharp has chosen Foxconn as its preferred bidder in takeover talks. One source said Sharp`s board on Thursday had voted 13-0 to negotiate with Foxconn instead of a state-backed Japanese fund, the Innovation Network Corp of Japan.

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Foxconn offers to invest around $5.6 billion in Sharp - sources

Sharp has chosen Foxconn as its preferred bidder in takeover talks. One source said Sharp`s board on Thursday had voted 13-0 to negotiate with Foxconn instead of a state-backed Japanese fund, the Innovation Network Corp of Japan.

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