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On 25 February 2016, Sharp accepted a ¥700 billion (US$6.24 billion) takeover bid from Foxconn to acquire over 66 percent of Sharp's voting stock. [21] However, as Sharp had undisclosed liabilities which was later informed by Sharp's legal representative to Foxconn, the deal was halted by Foxconn's board of directors.
During his tenure, he played a critical role in Foxconn's acquisition of Sharp Corporation. The deal, finalized in 2016, was valued at approximately $3.5 billion and marked a significant milestone in the electronics industry.
The intention to acquire was announced in July 2015. [4] Sharp Corporation was subsequently acquired by Taiwan based Foxconn in August, 2016. [ 5 ] In 2017, the new owner of Sharp, Foxconn filed a lawsuit against Hisense concerning quality of TVs sold under its Sharp branding citing the TVs "violate FCC rules on electromagnetic interference ...
Foxconn Chairman Liu Young-way held talks with mid-level employees at Japan's Sharp this week and talked about topics including the relationship between the two companies, according to two sources ...
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Foxconn has a similar $1.4 billion obligation, one that it must honor regardless of the value its development creates. ... $24 million will be used to pay off bonds the county issued to acquire ...
Sharp Corporation (3 C, 3 P) Pages in category "Foxconn subsidiaries" The following 5 pages are in this category, out of 5 total.
Sharp Corporation (シャープ株式会社, Shāpu Kabushiki-gaisha) is a Japanese electronics company. [4] [5] It is headquartered in Sakai, Osaka, and was founded by Tokuji Hayakawa in 1912 in Honjo, Tokyo, and established as the Hayakawa Metal Works Institute in Abeno-ku, Osaka, in 1924. [6]