Foxconn’s $5.5 Billion Bid for Sharp Put on Hold

Destiny takes a wrong turn for Sharp; the $5.5 billion massive deal seemed to be final for the Japanese consumer electronics company when the Hon Hai industries suddenly decided to postpone the acquisition. Hon Hai trades under the name of Foxconn; famously known as Apple contractor. The manufacturing giant has made products for companies like Sony, Nintendo, Amazon, Microsoft and Sharp too.

Sharp stated earlier that Foxconn would buy shares worth $5.5 billion. Foxconn suddenly called the deal off on ...

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