Foxconn Reportedly Offers $5.3 Billion for Sharp

Taiwan's Hon Hai Precision Industry Co has offered JPY 625 billion (roughly Rs. 35,531 crores) to buy Sharp Corp and has no plans to replace top management, a gesture aimed at reassuring Japanese authorities worried about an overseas takeover, the Wall Street Journal reported.

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Stringerbell1499d ago

Great news for Sharp employees, now they too will get worked to death =/