Company Foxconn will complete the acquisition of Sharp during the next week, the Taiwanese finally reaching an agreement to take over the majority of the shares of the Japanese company despite all the financial difficulties it has.
In order for the purchase to be made, those from Foxconn will pay a smaller amount for taking over the share package, which will decrease by approximately 20% to 3.5 billion dollars, Sharp's very high debts imposing this change in the offer.
Based on the agreement reached at the moment, the boards of directors of Sharp and Foxconn are to meet next week to approve the purchase, the contract to be signed the following day by the representatives of the two companies.
After the acquisition of Sharp, Foxconn will have the opportunity to offer screens for Apple's iDevices sold worldwide, so the collaboration will not be limited to the assembly of terminals, but everything will depend on what the Taiwanese want to do future.
Sharp and Taiwan's Foxconn are set to sign a takeover deal next week after repeated delays, with the two sides set to agree on a smaller bailout than originally planned for the troubled Japanese electronics maker, two sources familiar with the talks said on Saturday.
