Finance.yahoo.com
0
All posts from Finance.yahoo.com
Finance.yahoo.com in Finance.yahoo.com,

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

AAPL 114.71 -0.29

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.

Sharp...


More