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Thursday, January 28, 2016

More Detail on FoxConn offer to purchase Sharp

I am observing this situation. I don't have any opinions about it yet. Such a deal could be very beneficial to MicroVision (or not.) It certainly is a step closer to a major manufacturer with immense reach and very important market positioning.


Benzinga

Reuters

Taiwan's Foxconn (2317.TW) has detailed its offer for troubled electronics maker Sharp Corp (6753.T), a person with direct knowledge of the talks said, potentially complicating a rescue bid led by a Japanese state-backed fund.

Innovation Network Corporation of Japan (INCJ), still seen as a front runner, will go head-to-head with Foxconn in the bidding for Sharp, and its third bailout in under four years.

Foxconn, formally known as Hon Hai Precision Industry, had already offered over 600 billion yen for Sharp but had stopped short of detailing a restructuring plan, people with knowledge of the matter had said last week, dampening enthusiasm for its proposal among Sharp advisers.

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