Talks for Foxconn’s $6bn takeover of Sharp have stalled after the Apple supplier postponed signing a deal only hours after the ailing Japanese electronics group agreed to the sale of a controlling stake.
Terry Gou, the founder of Taiwan’s Hon Hai Precision Industry, had appeared to achieve his years-long pursuit of the Japanese display maker after Sharp’s board on Thursday voted in favour of its offer against a competing bid by a Japanese state-backed fund.
But in a brief statement late on Thursday, Hon Hai, better known as Foxconn, said it had received “new material information” from Sharp.
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