Foxconn agrees to buy Sharp for $4 billion

Foxconn agrees to buy Sharp for $4 billion
After a few delays, Foxconn has agreed to purchase Sharp for $4 billion, with the deal expected next week.

Both companies will hold board meetings early in the week with an expected signing on Wednesday.



Foxconn had initially offered $4.3 billion for the struggling electronics maker but then delayed as it appears they overbid after viewing the financials of Sharp.

The deal is expected to give Foxconn the leg up for mass-producing OLED screens for Apple's upcoming iPhones in 2017 or 2018, a massive deal for hundreds of millions of devices.

Source
Reuters


Written by: Andre Yoskowitz @ 26 Mar 2016 18:14
Tags
Foxconn acquisitions Sharp debt
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  • 3 comments
  • chilen

    "The deal is expected to give Foxconn the leg up for mass-producing OLED screens for Apple's upcoming iPhones in 2017 or 2018, a massive deal for hundreds of millions of devices."


    Not Really

    Trump will be president by then and will force Apple to build their crappy phones in the U.S. so Foxconn won't have anything to do with building their screens.

    27.3.2016 02:44 #1

  • dude845

    Originally posted by chilen: "The deal is expected to give Foxconn the leg up for mass-producing OLED screens for Apple's upcoming iPhones in 2017 or 2018, a massive deal for hundreds of millions of devices."


    Not Really

    Trump will be president by then and will force Apple to build their crappy phones in the U.S. so Foxconn won't have anything to do with building their screens.

    I don't normally log in but wow this comment makes absolutely no sense.

    27.3.2016 15:25 #2

  • Semperfipal

    Originally posted by chilen: "The deal is expected to give Foxconn the leg up for mass-producing OLED screens for Apple's upcoming iPhones in 2017 or 2018, a massive deal for hundreds of millions of devices."


    Not Really

    Trump will be president by then and will force Apple to build their crappy phones in the U.S. so Foxconn won't have anything to do with building their screens.
    Interesting comment, but I really don't think Uncle Donald will be our next POTUS IMO..........sorry to disappoint you.

    "Do not underestimate the power of an enemy, no matter how great or small, to rise against you another day." - Atilla

    27.3.2016 22:37 #3

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