Foxconn buys Sharp
 

After much messing around, Foxconn has finally agreed to buy Sharp at a 20 per cent discount.

Foxconn will buy 66 per cent control of financially struggling Sharp for $3.5 billion in the first takeover of a major Japanese electronics producer by a foreign company. However the agreement by Foxconn followed weeks of uncertainty over what Sharp had said was a deal at a higher price.

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