Foxconn Takes Control of Sharp in Reduced Buyout

Updated on
  • Terry Gou wins deal after chasing electronics maker for years
  • Deal reduced by 100 billion from agreement a month earlier

Terry Gou.

Photographer: Buddhika Weerasinghe/Bloomberg

Foxconn Technology Group Chairman Terry Gou finally clinched a deal to buy Sharp Corp. after years of pursuit, bringing together the main assembler of Apple Inc.’s iPhones with the electronics maker that built Japan’s first television sets.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.