Wednesday, June 28, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Toshiba Delays Chip Unit Deal, Sues Western Digital
Qualcomm Debuts the Snapdragon Wear 1200 and the Snapdragon 450 Mobile Platforms
Samsung Launches ISOCELL Image Sensor Brand
Toshiba Announces 96-Layer 3D Flash Memory and 64-Layer QLC 3D Flash Memory
Western Digital Announces First 96-Layer 3D NAND Technology
New Intel SSD 545s Packs 64-layer 3D TLC Flash
Ransomware Hits Servers Across the Globe
New Sony 20MP CMOS Image Sensor Released
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 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
Sharp's New 70-inch 8K HDR Display Is Relatively Lightweight And Power-efficient
Hon Hai's Profit Rises On Strong iPhone Sales
Foxconn, TSMC To Bid Together For Toshiba's Memory Business , Says Paper
Foxconn Is Bidding for Toshiba Chip Business

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 .