Sharp’s 104 Years, From Pencils and Displays Into Foxconn’s Arms
The Sharp Corp. headquarters stands in Osaka, Japan on Friday, Feb 5, 2016. Foxconn Technology Group Chairman Terry Gou is stepping up pressure on Sharp to quickly accept his proposed bailout of the Japanese consumer electronics company, a day after Sharp's chief executive officer said he planned to take another month to choose between two competing offers.
Photographer: Buddhika Weerasinghe/BloombergThis article is for subscribers only.
Foxconn Technology Group is in the final stages of negotiations to buy Sharp Corp. in a deal that could be worth about 500 billion yen ($4.4 billion). Once finalized, the Taiwan-based assembler of Apple Inc.’s iPhones and iPads will take control of a 104-year-old company that played a key role in Japan’s post-war economic resurgence.
Below is a timeline of events leading up to the sale: