Foxconn set to acquire Sharp Corp

Q.  Which company is set to acquire Sharp Corp?
- Published on 31 Mar 16

a. Baidu
b. Redmi
c. Foxconn
d. None of the above

ANSWER: Foxconn
 
Taiwanese firm Foxconn is set to acquire Sharp Corp getting a big discount to the original offer
  • Foxconn was formerly known s Hon Hai Precision Industry Co
  • The company is likely to cut its initial 489 billion yen offer for 100 billion yen after two third stake has been acquired
  • This deal is the largest acquisition of a Japanese tech firm by a foreign company
  • The 100 year old company in Japan’s insular tech industry will now come under foreign ownership

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