Reuters: deal between Foxconn and Sharp will be completed before the end of March

The deal between the company Sharp and the Foxconn, postponed last month due to additional negotiations on reduced compared to the original plans the amount of payments to the Japanese side, will be concluded in the coming days, Reuters reported, citing just two influential industrial source not named because of the lack of authority official comments on the press.

Previously edited THG.ru repeatedly covered the acquisition of Taiwan’s Foxconn assets in financial difficulties the Japanese company Sharp. In particular, even in January, it was reported that the Foxconn, is well known as a contract manufacturer of Apple iPhone handsets, made an offer of 600 billion yen (about $ 5.1 billion).

Somewhat later appeared clarify that the amount that Foxconn offered for newly issued shares of the Sharp, amounted to 489 billion yen (about $ 4.3 billion), but the proposal was subsequently trimmed by about 100 billion yen. In early March, it was reported that, in addition to reducing the volume of bids for the acquisition of assets of Sharp, the Foxconn also took a break to clarify some issues on debts unnamed Japanese company.

According to Reuters, a meeting of representatives of the companies scheduled for Wednesday, March 30 and the next day waiting for the official signing of the fateful deal that even with the reduced size of financial investments with the Taiwan side will be the largest foreign takeovers in the history of Japanese technology sector.

In the case of the signing of the deal, the Foxconn significantly strengthen its position in the framework of cooperation with Apple’s, because now, in addition to traditional services contract manufacturer, also be able to become the main supplier Sharp OLED-displays for new generations of iPhone smartphones.