February 25, 2016 11:10 am JST
Corporate restructuring

Sharp accepts Hon Hai's $6.2bn buyout offer

OSAKA/TOKYO -- Sharp's board on Thursday morning decided to accept a roughly 700 billion yen ($6.2 billion) takeover offer from Taiwan's Hon Hai Precision Industry. 

     The Japanese electronics maker intends to restructure its operations under the umbrella of the Taiwanese contract manufacturer, also known as Foxconn. Details of the arrangement have yet to be announced.

     Sharp had faced a choice between Hon Hai's takeover bid and support from the Innovation Network Corp. of Japan, a state-backed fund. The fund offered Sharp a 300 billion yen injection as well as a 200 billion yen credit line.

To read the full story, Subscribe or Log in

Once subscribed, you can…

  • Read all stories with unlimited access (5 articles per month without subscription)
  • Use our smartphone and tablet apps

To read the full story, Subscribe or Log in


Subscribe today to read the full story,
three months for just $9.

Limited offer ends soon.

To read the full story, Update your account

We could not renew your subscription.
You need to update your payment information.

To read the full story, Subscribe or Log in

Once subscribed, you can…

  • Read all stories with unlimited access (5 articles per month without subscription)
  • Use our smartphone and tablet apps

To read the full story, Subscribe or Log in


Subscribe today to read the full story,
three months for just $9.

Limited offer ends soon.

To read the full story, Update your account

We could not renew your subscription.
You need to update your payment information.