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Japan's Sharp rescue may not be such a bright idea

A bailout to keep the LCD maker in Japanese hands, rather that sell it to rivals, may not shield it from pricing pressures and fierce competition
Monday, January 25, 2016 - 05:50
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Reports put the INCJ offer for Sharp at 300 billion yen and added that the bailout would also involve Sharp's lenders offering at least 200 billion yen, by converting debt to equity. Another report said that Taiwan's Hon Hai, also known as Foxconn, was offering 625 billion yen.

Tokyo

A STATE-BACKED Japanese fund is frontrunner to rescue Sharp Corp, ahead of a rival approach from Apple supplier Foxconn, but industry insiders question whether it can protect the group in the long term amid cut-throat competition.

Innovation Network Corporation of Japan (INCJ