Taiwan's Hon Hai seals Sharp takeover for $3.5bn
Sharp
Taipei - Arab Today
Taiwan's tech giant Hon Hai said Wednesday it had finally sealed a takeover of Japanese electronics maker Sharp in a deal worth 389 billion yen ($3.5 billion).
"Hon Hai and Sharp jointly announce that the two world-class technology industry leaders will form a historic strategic alliance," Hon Hai spokesman Simon Hsing said a joint news statement.
Hon Hai has bought a 66 percent stake in the company, the statement said.
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