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> Foxconn Buys Sharp For $3.5 Billion
post Apr 4 2016, 06:15 AM
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"Foxconn, formally known as Hon Hai Precision Industry Co, will pay about $3.5 billion for a two-thirds stake, cutting its initial offer by nearly $900 million following the emergence of previously undisclosed liabilities at Sharp."


"Gou pointed to Sharp's proprietary know-how to mass-produce the advanced IGZO (indium gallium zinc oxide) display technology as a standout, calling it superior to the popular OLED (organic light-emitting diode) technology. IGZO technology is used in products such as Apple Inc's (AAPL.O) iPad."

I hope that Sharp, after the last years' losses, will manage to become profitable again...

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