Foxconn said to offer about 600 billion yen for Japan's Sharp
Add BT as a preferred source
[TOKYO] Foxconn Technology Group has offered about 600 billion yen (S$7.3 billion) to buy Japan's Sharp Corp, according to a person familiar with the talks.
A decision to accept or reject the bid is expected before the end of January, the person said, asking not to be identified as the discussions are private. Chu Wen-min, a spokesman for Foxconn's Hon Hai Precision Industry Co, declined to comment Thursday.
"We're talking with several companies about the structural improvement of liquid-crystal-display business. We don't comment on the details of individual talks," said Yoshifumi Seki, a spokesman for Sharp.
Sharp is considering a US$5.3 billion offer from Foxconn and a competing bid from Innovation Network Corp of Japan, the Wall Street Journal reported earlier citing unidentified people familiar with the matter.
BLOOMBERG
Share with us your feedback on BT's products and services
