For Foxconn, turning Sharp around will be tougher than takeover
Japanese electronics maker has seen its earnings fall every quarter and faces competition on all sides
Tokyo
FOXCONN Technology Group's Terry Gou finally got to savour his moment of victory: On Saturday, Mr Gou and Sharp Corp president Kozo Takahashi gathered in front of more than 300 reporters at the Osaka-based company's Sakai plant, flanked by the flags of Taiwan and Japan. They beamed and shook hands as they finalised a rescue plan for Foxconn and affiliates to take control of Sharp for 389 billion yen (S$4.7 billion).
It was a rare moment of peace for the hard-charging Mr Gou, who spent four years chasing the Japanese electronics maker and overcame long odds and last-minute pitfalls to win.
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