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Finally the deal is done. Which means future Iphones will be getting SHARP screens instead of JDI screens.
No more uncertainty, things are starting to look up for CDW, now their major client will be Foxconn
Maybe Foxconn can make an offer for CDW as well LOL...
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Foxconn Signs Deal, Ending Sharp's Century of Independence
Sharp Corp.’s President Kozo Takahashi and Foxconn Technology Group’s Chairman Terry Gou formally signed a rescue deal on Saturday, ending a takeover drama that spanned four years of often difficult negotiations.
Takahashi and Gou, flanked by the flags of Taiwan and Japan, shook hands in front of more than 300 reporters gathered at the Osaka-based company’s Sakai plant. The parent of Hon Hai Precision Industry Co. is paying 389 billion yen ($3.5 billion) for a controlling stake in Sharp.
[Image: 488x-1.jpg]
Terry Guo, Tai Jeng-wu and Kozo Takahashi at a press conference on April 2.
Source: STR/AFP/Getty Images
“I have deep respect for Sharp’s 105-year history, its technological innovation and leadership,” Gou said at the briefing.
The deal’s consummation caps weeks of drama, when the acquisition repeatedly looked like it could fall apart. Gou had appeared on the verge of grasping his prize a month ago, when Sharp’s board chose Foxconn over a rival bid from the state-backed Innovation Network Corp. of Japan. But after learning about liabilities at Sharp, Gou pushed back the final agreement to negotiate a lower price. The Taiwanese company paid a 100 billion yen deposit on March 31.
Sharp also announced Friday that it will cut borrowing costs for the current fiscal year by 7.2 billion yen, after reaching new debt deals with its main banks. Mizuho Financial Group Inc. and Mitsubishi UFJ Financial Group Inc. agreed to amend the terms of existing loans, Sharp said in a statement.
No more uncertainty, things are starting to look up for CDW, now their major client will be Foxconn
Maybe Foxconn can make an offer for CDW as well LOL...Time to load up.
-v-
-------------------------------------------------------------------------------------------------------
Foxconn Signs Deal, Ending Sharp's Century of Independence
Sharp Corp.’s President Kozo Takahashi and Foxconn Technology Group’s Chairman Terry Gou formally signed a rescue deal on Saturday, ending a takeover drama that spanned four years of often difficult negotiations.
Takahashi and Gou, flanked by the flags of Taiwan and Japan, shook hands in front of more than 300 reporters gathered at the Osaka-based company’s Sakai plant. The parent of Hon Hai Precision Industry Co. is paying 389 billion yen ($3.5 billion) for a controlling stake in Sharp.
[Image: 488x-1.jpg]
Terry Guo, Tai Jeng-wu and Kozo Takahashi at a press conference on April 2.
Source: STR/AFP/Getty Images
“I have deep respect for Sharp’s 105-year history, its technological innovation and leadership,” Gou said at the briefing.
The deal’s consummation caps weeks of drama, when the acquisition repeatedly looked like it could fall apart. Gou had appeared on the verge of grasping his prize a month ago, when Sharp’s board chose Foxconn over a rival bid from the state-backed Innovation Network Corp. of Japan. But after learning about liabilities at Sharp, Gou pushed back the final agreement to negotiate a lower price. The Taiwanese company paid a 100 billion yen deposit on March 31.
Sharp also announced Friday that it will cut borrowing costs for the current fiscal year by 7.2 billion yen, after reaching new debt deals with its main banks. Mizuho Financial Group Inc. and Mitsubishi UFJ Financial Group Inc. agreed to amend the terms of existing loans, Sharp said in a statement.
Virtual currencies are worth virtually nothing.
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http://thebluefund.blogspot.com