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- Title
Foxconn Acquires Sharp in $3.5 Billion Deal.
- Abstract
The article reports that consumer electronics firm Sharp Corp. has been acquired by electronic contract manufacturer Foxconn Technology Group. Topics discussed include failure of firm Sharp in disclosing potential financial liabilities such as tax claims, infringement cases and potential lawsuits; delay in signing the agreement by Foxconn Chairman Terry Gao for negotiating a lower buying price, agreements between lenders of both companies Mizuho Bank and Bank of Tokyo-Mitsubishi UFJ, and plans of Foxconn to utilize Sharp's advanced liquid display technology and next-generation technology.
- Subjects
ELECTRONIC industry mergers; FOXCONN Technology Group (Company); SHARP Corp.; GAO, Terry; MIZUHO Bank Ltd.; BANK of Tokyo-Mitsubishi UFJ Ltd.; NEXT generation networks
- Publication
China Business Review, 2016, p1
- ISSN
0163-7169
- Publication type
Article