ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business

Foxconn drove hard for discount on Sharp deal

Foxconn Chairman Terry Gou

TOKYO -- Contract manufacturer Hon Hai Precision Industry's reduced-price acquisition of Japan's Sharp comes after a month of hard bargaining and tough demands from the Taiwanese company's leadership.

     Sharp's board approved an acquisition offer from Hon Hai, also known as Foxconn, on Feb. 25. But just a day later, President Kozo Takahashi found himself at the manufacturer's mainland China headquarters in Shenzhen, apologizing to Foxconn Chairman Terry Gou.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more