Electronics companies: Apple supplier Foxconn accepts electronics company Sharp – Augsburger Allgemeine

Foxconn assumes Sharp on the second attempt. For about three billion euros of Apple supplier takes care of the electronics company Sharp

acquisition in the second trial. Hon Hai, the parent company of Taiwan Apple supplier Foxconn, takes care of the injured Japanese electronics company Sharp. Both companies announced on Wednesday announced a reduced bid of Hon Hai in the amount of 389 billion yen to have agreed (three billion euros)

Foxconn and Sharp. Reduced bid

Already end of February had Sharp agreed to a takeover, the Hon Hai had stopped shortly after due to newly discovered financial risks. The new purchase price is around 100 billion yen in the first offer.

 

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Sharp and Hon Hai for years collaborate in the technology for large screens and share a factory in Sakai, Japan. With the rescue by Hon Hai is the first time a major Japanese electronics company part of a foreign company.

Sharp in the crisis

Sharp infected with the crisis, partly because of the fierce competition for some time technologies for LCD screens and the financial crisis of 2008 and 2009. at the beginning of the year examined the company in addition to the listing of Hon Hai, a takeover by a parastatal japan Sichen fund smash Sharp and partly wanted to merge with another LCD company.

Looking at the year ending this Thursday fiscal year Sharp announced both bad news and lowered its business forecast: The Group go from an operating loss of 170 billion yen (1.3 billion euros). afp / AZ

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