ahlam1399
02-25-2016, 06:34 AM
In late January it was reported (http://www.macrumors.com/2016/01/20/foxconn-5-billion-offer-to-purchase-sharp/) that Apple supplier Foxconn made a $5.3 billion bid to purchase Japanese electronics maker Sharp. Today, Sharp has decided to accept an updated $6.2 billion takeover offer from Foxconn, reports (http://asia.nikkei.com/Business/Deals/Sharp-accepts-Hon-Hai-s-6.2bn-buyout-offer) Nikkei Asian Review.
http://cdn.macrumors.com/article-new/2013/03/sharp.png
Sharp intends to restructure its operations under the umbrella of Foxconn, although arrangements of the purchase have **t yet been revealed. Sharp was facing either a buyout offer from Foxconn or support from the In**vation Network Corporation*of Japan, a state-backed fund that offered a roughly $2.7 billion injection and a $1.8 billion credit line.
Currently, Sharp supplies Apple with LCD displays for iPhones in addition to being a leading television maker and selling audio equipment, home appliances and more. The company has fallen on hard times recently, incurring a net loss of nearly $1.9 billion in the fiscal year ending March 2015. It also must repay $4.3 billion it had borrowed by March; Foxconn reportedly was willing to take on the debt.
It's unclear what Foxconn's plans for Sharp are, but the company could sell Foxconn-made electronics under the Sharp brand. The acquisition's impact on Apple may only be near-term, as Apple is rumored to be turning to Japan Display (http://www.macrumors.com/2015/12/07/japan-display-oled-mass-production-2018/), LG and Samsung (http://www.macrumors.com/2015/12/29/apple-close-oled-deal-lg-samsung/) for OLED displays in iPhones as early as 2018 (http://www.macrumors.com/2015/11/25/iphone-oled-display-2018-nikkei/).
Tags: Foxconn (http://www.macrumors.com/roundup/foxconn/), Sharp (http://www.macrumors.com/roundup/sharp/)
Discuss this article (http://forums.macrumors.com/threads/foxconn-acquires-sharp.1958152/) in our forums
http://feeds.feedburner.com/~ff/MacRumors-All?d=6W8y8wAjSf4 (http://feeds.macrumors.com/~ff/MacRumors-All?a=Og9foxoFTjs:4lJzU52xVXg:6W8y8wAjSf4) http://feeds.feedburner.com/~ff/MacRumors-All?d=qj6IDK7rITs (http://feeds.macrumors.com/~ff/MacRumors-All?a=Og9foxoFTjs:4lJzU52xVXg:qj6IDK7rITs)
http://feeds.feedburner.com/~r/MacRumors-All/~4/Og9foxoFTjs
أكثر... (http://www.macrumors.com/2016/02/24/foxconn-acquires-sharp/)
http://cdn.macrumors.com/article-new/2013/03/sharp.png
Sharp intends to restructure its operations under the umbrella of Foxconn, although arrangements of the purchase have **t yet been revealed. Sharp was facing either a buyout offer from Foxconn or support from the In**vation Network Corporation*of Japan, a state-backed fund that offered a roughly $2.7 billion injection and a $1.8 billion credit line.
Currently, Sharp supplies Apple with LCD displays for iPhones in addition to being a leading television maker and selling audio equipment, home appliances and more. The company has fallen on hard times recently, incurring a net loss of nearly $1.9 billion in the fiscal year ending March 2015. It also must repay $4.3 billion it had borrowed by March; Foxconn reportedly was willing to take on the debt.
It's unclear what Foxconn's plans for Sharp are, but the company could sell Foxconn-made electronics under the Sharp brand. The acquisition's impact on Apple may only be near-term, as Apple is rumored to be turning to Japan Display (http://www.macrumors.com/2015/12/07/japan-display-oled-mass-production-2018/), LG and Samsung (http://www.macrumors.com/2015/12/29/apple-close-oled-deal-lg-samsung/) for OLED displays in iPhones as early as 2018 (http://www.macrumors.com/2015/11/25/iphone-oled-display-2018-nikkei/).
Tags: Foxconn (http://www.macrumors.com/roundup/foxconn/), Sharp (http://www.macrumors.com/roundup/sharp/)
Discuss this article (http://forums.macrumors.com/threads/foxconn-acquires-sharp.1958152/) in our forums
http://feeds.feedburner.com/~ff/MacRumors-All?d=6W8y8wAjSf4 (http://feeds.macrumors.com/~ff/MacRumors-All?a=Og9foxoFTjs:4lJzU52xVXg:6W8y8wAjSf4) http://feeds.feedburner.com/~ff/MacRumors-All?d=qj6IDK7rITs (http://feeds.macrumors.com/~ff/MacRumors-All?a=Og9foxoFTjs:4lJzU52xVXg:qj6IDK7rITs)
http://feeds.feedburner.com/~r/MacRumors-All/~4/Og9foxoFTjs
أكثر... (http://www.macrumors.com/2016/02/24/foxconn-acquires-sharp/)