News and Articles About Foxconn
Foxconn cut its initial offer by nearly $900 million following the emergence of previously undisclosed liabilities at Sharp.
Loss-making Sharp said earlier in the day that it had agreed to be bought by the contract manufacturing firm.
Mergers and Acquisitions
The controversial Taiwanese manufacturer has reportedly offered more than $5 billion for struggling screen-maker Sharp.
Taiwan's Foxconn faces declining revenue growth and rising wages.
The once-ubiquitous handset manufacturer announced a $4.4 billion loss in its first quarterly earnings report under the stewardship of interim CEO John Chen.