Photographer: Kazuhiro Nogi/AFP via Getty Images

Sharp to Give Preference to Foxconn’s Rescue Plan, NHK Says

  • Deal would hand the Apple iPhone assembler a surprise victory
  • INCJ had been expected to beat out Foxconn for the company

Sharp Corp. surged after Japanese broadcaster NHK reported it planned to give preference to a rescue plan from Taiwan’s Foxconn Technology Group over a government-backed fund. The struggling display maker said it’s still in negotiations over a bailout and will make a final decision within a month.

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