Big investment: Foxconn, the world's biggest contract maker of electronic gadgets, has offered to invest 659bil yen (RM24.94bil) in Sharp. — Reuters
TOKYO: Loss-making Japanese electronics maker Sharp Corp's board begins a two-day meeting on Feb 24 to decide if it should accept a US$5.9bil (RM24.91bil) takeover by Taiwan's Foxconn instead of an offer from a state-backed fund, sources with direct knowledge of the matter said.
A deal with Foxconn, the world's biggest assembler of Apple Inc products known formally as Hon Hai Precision Industry Co, would pave the way for the largest acquisition by a foreign company in Japan's insulated technology sector.
