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  • Editor’s Picks / 25 February 2016 at 5:14 GMT

    Japan's Sharp to accept Foxconn takeover offer

    Sharp has agreed to a takeover by Taiwan's Foxconn, the largest acquisition of a Japanese tech firm by a foreign company and one that will bolster Foxconn's position as Apple biggest supplier. The Taiwanese firm is set to invest more than JPY 650 billion ($5.8 billion) in the loss-making liquid crystal display maker, one source said. Makiko Yamazaki and Taro Fuse write Sharp's board voted unanimously to accept an offer by the world's largest contract electronics manufacturer over a rescue by a state-backed investment fund, signalling an opening up of Japan's insular technology sector to foreign investment.
    Read article on Reuters
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  • 5y
    fxtime fxtime
    Interesting points but you have to see the irony of a ''tech expert'' discussing Google advanced technology from inside a shed ! In the UK it is...