Foxconn offers to invest around $5.6 billion in Sharp - sources | Reuters

TAIPEI Taiwan's Foxconn has offered to invest around 659 billion yen ($5.6 billion) in struggling Japanese electronics maker Sharp Corp (6753.T), two sources with knowledge of the matter said.

Sharp has chosen Foxconn as its preferred bidder in takeover talks. One source said Sharp's board on Thursday had voted 13-0 to negotiate with Foxconn instead of a state-backed Japanese fund, the Innovation Network Corp of Japan.

(Reporting by JR Wu)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Published Date: Feb 05, 2016 06:45 AM | Updated Date: Feb 05, 2016 06:45 AM

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