For Foxconn, turning Sharp around will be tougher than takeover

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.