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Foxconn to Acquire Two-Thirds Stake in Sharp


After months, indeed years, of speculation and negotiation, Taiwan-based Foxconn, officially known as Hon Hai Precision Industry Ltd., will acquire a 66 percent stake in Osaka, Japan-based Sharp Corporation. The two companies began discussing such a deal in 2012, following some financial struggles for the Japanese’s electronics firm (see “Sharp Refutes Reports That It Will

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