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Foxconn said to be nearing deal with Sharp

Taipei-based firm has signed letter of intent to buy stake in Japanese company's LCD business: sources

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Foxconn Technology Group has signed a letter of intent to buy a stake in Sharp Corp's liquid-crystal display (LCD) business in a deal that would give Foxconn management control as the Japanese electronics maker spins off the unit, according to people familiar with the plan.

Taipei

FOXCONN Technology Group has signed a letter of intent to buy a stake in Sharp Corp's liquid-crystal display (LCD) business in a deal that would give Foxconn management control as the Japanese electronics maker spins off the unit, according to people familiar with the plan.

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