Sharp and Foxconn are in the War of the Roses

Stefan Mileschin · 2nd March 2016, 08:32

Foxconn and Sharp, which are supposed to be tying the knot, are already feuding like the divorcing couple in the War of the Roses.

The pair have been eyeing each other up since Foxconn founder and billionaire Terry Gou pulled out of a planned capital tie-up and strategic partnership with Sharp in 2012.

But it got silly last week. Sharp’s board met and announced a decision to sell a two-thirds stake to the Taiwanese group which upset Gou.

On the eve of that board meeting, Foxconn had asked Sharp to delay voting on a deal as it had just received “new material information” from Sharp that it hadn’t seen before and needed to clarify.

http://www.techeye.net/business/shar...r-of-the-roses

2nd March 2016, 08:32	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,514	Sharp and Foxconn are in the War of the Roses Foxconn and Sharp, which are supposed to be tying the knot, are already feuding like the divorcing couple in the War of the Roses. The pair have been eyeing each other up since Foxconn founder and billionaire Terry Gou pulled out of a planned capital tie-up and strategic partnership with Sharp in 2012. But it got silly last week. Sharp’s board met and announced a decision to sell a two-thirds stake to the Taiwanese group which upset Gou. On the eve of that board meeting, Foxconn had asked Sharp to delay voting on a deal as it had just received “new material information” from Sharp that it hadn’t seen before and needed to clarify. http://www.techeye.net/business/shar...r-of-the-roses

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