Chronicles of Sharp

Deal’s on: Foxconn and Sharp have agreed to a revised agreement under which the Taiwanese company and affiliates will pay 389 billion yen for a 66 stake in the Japanese electronics maker. — EPA

104-year-old-maker of products from pencil to TVbe taken control of by Taiwan-based Foxconn

TOKYO: Foxconn Technology Group reached a deal to take control of Sharp Corp after reducing terms from an earlier agreement. Once finalised, the Taiwan-based assembler of Apple Inc’s iPhones and iPads will take control of a 104-year-old company that played a key role in Japan’s post-war economic resurgence.