Taiwan's Hon Hai seals Sharp takeover for $3.5bn

GMT 08:29 2016 Wednesday ,30 March

Arab Today, arab today Taiwan's Hon Hai seals Sharp takeover for $3.5bn

Taipei - Arab Today

Taiwan's tech giant Hon Hai said Wednesday it had finally sealed a takeover of Japanese electronics maker Sharp in a deal worth 389 billion yen ($3.5 billion).

"Hon Hai and Sharp jointly announce that the two world-class technology industry leaders will form a historic strategic alliance," Hon Hai spokesman Simon Hsing said a joint news statement.

Hon Hai has bought a 66 percent stake in the company, the statement said. 

Arab Today, arab today
Arab Today, arab today
arabtoday arabtoday arabtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabs, Arab, Arab