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Foxconn offers to buy Sharp's LCD business

OSAKA -- Electronics assembler Hon Hai Precision Industry has proposed acquiring Sharp's LCD business, sources said Sunday, giving the troubled Japanese company an opportunity to offload operations carrying a heavy downside risk.

     Taiwan's Hon Hai, better known as Foxconn, has been in talks with the electronics giant since summer. The proposal would have it take a majority stake in a liquid crystal display company spun off by Sharp, with Apple also making an investment.

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