Foxconn and Sharp Announce $3.5 Billion Takeover Deal

Foxconn has officially agreed to takeover Sharp, paying $3.5 billion for a 66% share in the company. That number is significantly lower than the original $5.8 billion deal which was put in jeopardy by $2.7 billion in undisclosed liabilitiesToday both Foxconn and Sharp are pleased to announce the historic strategic alliance of two global technology leaders. The culture of both of our companies is defined by hard work, creativity and innovation. We are committed to restoring profitability and strengthening operations to once again make Sharp a leader in the global electronics arena and a world-class company with a positive outlook. Both our teams are on the same page working towards the same goal. Share Article:Facebook,   Twitter,   LinkedIn,   Google Plus,   Email,   Reddit,   Digg,   Delicious,   StumbleUponFollow iClarified:Facebook,   Twitter,   LinkedIn,   Google Plus,   Newsletter,   App Store,   YouTubeAdvertise Here

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