Deals
Sharp Says Bailout Talks to Continue With Both Foxconn, INCJ
- Board earlier had aimed to make a decision at today's meeting
- Battle has been seen as test case of Japan market's openness
Foxconn Front Runner to Buy Sharp
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Sharp Corp. said it will continue negotiating a rescue plan with both Taiwan’s Foxconn Technology Group and the Innovation Network Corp. of Japan, and aims to reach a final decision on the competing offers within a month.
Sharp Chief Executive Officer Kozo Takahashi told reporters Thursday that neither of the potential partners is preferred over the other at this point, contradicting several media reports. Sharp’s board had earlier planned to make a decision today on its favored bailout partner, people familiar with the matter had said.