Sharp and Foxconn are in the War of the Roses

Stefan Mileschin · 2nd March 2016, 07:32

Foxconn and Sharp, which are supposed to be tying the knot, are already feuding like the divorcing couple in the War of the Roses.

The pair have been eyeing each other up since Foxconn founder and billionaire Terry Gou pulled out of a planned capital tie-up and strategic partnership with Sharp in 2012.

But it got silly last week. Sharp’s board met and announced a decision to sell a two-thirds stake to the Taiwanese group which upset Gou.

On the eve of that board meeting, Foxconn had asked Sharp to delay voting on a deal as it had just received “new material information” from Sharp that it hadn’t seen before and needed to clarify.

http://www.techeye.net/business/shar...r-of-the-roses

2nd March 2016, 07:32	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,500	Sharp and Foxconn are in the War of the Roses Foxconn and Sharp, which are supposed to be tying the knot, are already feuding like the divorcing couple in the War of the Roses. The pair have been eyeing each other up since Foxconn founder and billionaire Terry Gou pulled out of a planned capital tie-up and strategic partnership with Sharp in 2012. But it got silly last week. Sharp’s board met and announced a decision to sell a two-thirds stake to the Taiwanese group which upset Gou. On the eve of that board meeting, Foxconn had asked Sharp to delay voting on a deal as it had just received “new material information” from Sharp that it hadn’t seen before and needed to clarify. http://www.techeye.net/business/shar...r-of-the-roses

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Sharp reportedly accepts Foxconn's $6.2 billion takeover offer	Stefan Mileschin	WebNews	0	28th February 2016 14:32
Foxconn likely to become Sharp's new owner	Stefan Mileschin	WebNews	0	8th February 2016 06:45
Foxconn trumps Japanese rival in $5.2 billion bid for Sharp	Stefan Mileschin	WebNews	0	21st January 2016 17:40
Sharp trying to sell off LED unit	Stefan Mileschin	WebNews	0	4th November 2015 07:38
Sharp's near-4K TVs are now available, starting at $2,500	Stefan Mileschin	WebNews	0	7th March 2014 07:43
Sharp to slash 5,000 jobs	Stefan Mileschin	WebNews	0	13th May 2013 06:38
Sharp mortgages itself to the hilt just to keep going	Stefan Mileschin	WebNews	0	7th September 2012 06:56
Realistic Duct Tape Roses	Stefan Mileschin	WebNews	0	15th February 2012 07:28
Sharp Introduces New HD LCD TVs	jmke	WebNews	0	29th January 2006 23:56
TK - Sharp materiaal	wutske	Mad Bargains	0	18th December 2004 16:01