Sharp Accepts Foxconn S Multi Billion Dollar Takeover Deal
Foxconn has buckled up to pump in 650 billion yen ($5.8 billion) into Sharp, which is currently a loss making company known for its LCD displays. Foxconn has been one of the largest supplier for Apple and this particular acquisition will help them command a better position. The acquisition would come as a breather for Sharp which was reeling under heavy losses, making the Foxconn buyout a last minute rescue....