Sharp is officially sold to Foxconn

In fact, sold a controlling stake in the company Sharp. for 66 percent stake, Foxconn, the company paid about 3,5 billion. But what will happen next?
sale of the company Sharp FoxconnВопрос приобретения Sharp компанией Foxconn рассматривался с января. Наконец стали известны детали сделки.

As reported by Bloomberg, Foxconn has decided to acquire a controlling stake in Sharp (exactly 66 percent. of shares) for 389 billion yen, equivalent to about 3,5 billions of dollars.

The amount of the transaction

The final amount of the transaction is significantly lower than the, which Sharp has requested in February. Then the Japanese say, that they agree to sell 66 процентов акций за 5,9 billion. Foxconn then refuse such an offer, explaining his decision by saying that the seller is not aware of the actual size of the financial problems of the technology giant.

but at last, attractive price was set for both sides. Consequently, Foxconn will soon officially become the owner of Sharp, and this in turn means, that of the Japanese, she will become a Taiwan company.

Sharp logo

Существенные изменения

The contract with the company Foxconn Sharp reflects changes, that occur between these two giants. Foxconn, which is now known, especially the production and assembly of electronic devices ever wants to become a full-fledged manufacturer of equipment under its own brand.

Thanks to the engineers and patents owned by Sharp, Foxconn will also strengthen its position as a contractor for the Giants components, such as Apple. Since the Taiwanese company will offer a very high quality displays on IGZO technology.

It is worth noting that Sharp for many years struggling with declining revenues and mounting debt. With the acquisition of(and, by the way, - debt) by Foxconn, technology giant will again focus on, what he does best, and as it starts all over again.

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