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Foxconn pips Japan state fund to acquire Sharp

Japanese electronics giant accepts Taiwanese firm's offer after assessing it 'from various angles'

The deal is a major victory for Foxconn chairman seeking to broaden his group's remit, transforming it into a company that also makes key electronics components and devices.


FOXCONN Technology Group, which battled a Japanese government-backed fund for Sharp Corp, will take a majority stake in the struggling electronics company. The shares slumped as much as 17 per cent.

Foxconn, the parent of Hon Hai Precision Industry Co, will control 65.9 per...

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