Hon Hai Precision Industry, the Apple supplier better known as Foxconn, couldn't reach a final agreement to acquire a stake in Sharp, according to a new report.
Hon Hai Chairman Terry Gou met with Sharp in Japan recently to try to hammer out a deal that would see his manufacturing company take a minority stake in Sharp. However, according to Reuters, which cited reports out of Japan, the companies could not reach an agreement.
Under terms of the so-far failed deal, Hon Hai would have become Sharp's largest shareholder.
The companies revealed in March that Hon Hai would … Read more