Foxconn and Innovation Network Corp offer buyout of Sharp

Sharp hasn't been in good financial shape for some time. I'm not sure what the ramifications of a buyout will be -- but they clearly have been trying to sell PicoP. 

PicoP in the hands of Apple's manufacturer could be a very interesting situation.

Will add more as I see it today.

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Market watch

Benzinga

From Wall Street Journal

Foxconn, the Taiwanese company that assembles the bulk of the world’s iPhones, has offered about ¥625 billion ($5.3 billion) to take over troubled Japanese electronics maker Sharp Corp., according to people familiar with the matter.

Sharp, which has been bailed out repeatedly by banks, is set to review a competing offer from Innovation Network Corp. of Japan, a government-backed investment fund. A person familiar with the matter said the fund was weighing a bid of around ¥300 billion, a figure earlier reported by the Nikkei newspaper. It wasn’t clear whether the INCJ bid would require concessions from Sharp’s main creditors.