business
Wait a Sec, Foxconn’s Massive Sharp Takeover Has Been Put on Hold

Hold your horses, that massive deal between Foxconn and Sharp doesn’t seem to have gone through yet. According to new reports, the Taiwanese firm is delaying the completion of the takeover, due to fresh information regarding Sharp’s future financial risk. While the Japanese outfit’s annual report flags up ¥17.2 billion (£109 million) in contingent liabilities -- costs it may face in the future, depending on lawsuits, contracts and other variables -- the figure may in fact lie at the ¥350 billion (£2.2 billion) mark. Read More >>