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Hon Hai considering buying $1.7 bln stake in Sharp LCD unit - paper

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TOKYO (Reuters) - Taiwan's Hon Hai Precision Industry Co is considering buying a majority stake in Sharp Corp's loss-making LCD business for up to 200 billion yen ($1.7 billion), Japan's Mainichi newspaper said on Monday, without citing any sources.

The newspaper said Hon Hai planned to ask iPhone maker and customer Apple Inc, which is also a client of Sharp, to invest a "few hundred million dollars" to help with funding the purchase.