Thursday, October 19, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Intel Capital Announces $60 million of New Investments in Data-Focused Startups
Google Offers Bug Bounty for Mobile Apps
Nintendo Switch Update Brings Video Capture and More
Intel Health Application Platform Helps Health Care Providers Reduce Hospital Readmissions
Razer Electra V2 Gaming Headsets Bring Virtual Surround Sound and Aluminum Headband to Everyone
Alphabet Invests $1 Billion to Lyft
Microsoft TruePlay Anti-cheat Game Feature to be Added to UWP Games
Apple Cut iPhone 8 Production by 50 percent: report
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Sharp T...
Last 7 Days News : SU MO TU WE TH FR SA All News

Sunday, September 02, 2012
Sharp To Lower Price Of Stake It Agreed To Sell To Foxconn


Sharp has reportedly offered to sell a stake to Foxconn Technology Group for less than initially planned, the Nikkei newspaper reported today.

The Japanese television maker in March agreed in March to sell a stake to Taiwan-based Foxconn Technology Group.

However, Sharp' s and Foxconn's executives did not reach an agreement during a meeting in Japan in the 30th of August.

"We were unable to finish the deal because we ran out of time, although both sides had made indications of wanting to resolve the issue," Sharp president Mr. Okuda said in the Sept. 1 interview with The Asahi Shimbun.

Now the shares Foxconn and its Hon Hai Precision Industry Co. unit had agreed to buy for 550 yen each should instead be sold at the average price for Sharp shares, the report said.

Okuda added that he was confident that the the parties would reach an agreement by the end of the month. He added that negotiations over the capital contribution from Hon Hai would be part of an overall package that covered the entire business partnership. The agreement would also cover the sale of Sharp's overseas plants to Hon Hai as well as a strengthening of the two companies' partnership in the mobile phone sector. The two companies plan to begin manufacturing smartphones in China by the end of the year and sell the phones in Japan, Asia, Europe and the United States.

In the meantime, Sharp is seeking to raise cash and cut costs. The company has said it will cut 5,000 jobs to help reduce fixed costs by 100 billion yen.


Previous
Next
Samsung Adds Retina Display To Windows 8 Notebook        All News        LG Wants To Lead Global TV Market
Baidu Releases Mobile Web Browser     General Computing News      Facebook Tries To Limit Insincere "Likes"

Get RSS feed Easy Print E-Mail this Message

Related News
Foxconn, Apple, and SoftBank Pursue Acquisition of Toshiba Memory Unit
Sharp Releases the AQUOS 8K in Japan, China, Taiwan, and Europe
Sharp Sees Collaboration With Japan Display
Foxconn Announces U.S. Manufacturing Plant in Wisconsin
Foxconn Confirms US Investment Plan
Sharp Sues Hisense over 'Shoddily' Made TVs
Apple, Dell, Kingston, Amazon, Could Join Foxconn In Bid for Toshiba Chip Business
Foxconn, Apple and Amazon to join Bid for Toshiba Chip Business: report
Sharp's President Confirms US Panel Plant Plan
Sharp To Invest $1 billion in SoftBank's Tech Fund
Cost Cuts Start Paying Off For Sharp
Foxconn To Help Sharp Return To IT Equipment Business: report

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .