- After meeting with Sharp's (OTCPK:SHCAY) board on Saturday, Taiwan's Foxconn Technology (OTC:FXCOF) said it was confident about its ¥625B (about $5.3B) offer for the struggling Japanese electronics maker, and expected the firm to come to a decision within a week.
- Foxconn's rival in the bid for Sharp, Innovation Network of Japan, is said to be discussing a capital injection of more than ¥300B, and up to ¥350B of financial assistance from the company's two main lenders.
- Previously: Foxconn proposes detailed offer for Sharp (Jan. 27 2016)
- Previously: Bloomberg: Sharp said to favor INCJ over Foxconn offer (Jan. 21 2016)