TAIPEI/TOKYO -- Key iPhone assembler Hon Hai Precision Industry will sign an agreement to acquire Sharp, the embattled Japanese electronics maker, perhaps by Wednesday, a person familiar with the talks has told the Nikkei.
The two sides had agreed to try to wrap up a deal by Monday, but according to the source, Wednesday is now the earliest the acquisition could be made. The person did not elaborate on the reasons behind the delay.
A spokesman for Hon Hai, also known as Foxconn Technology Group, said on Saturday that the two companies do not have a date in mind for concluding a deal. Sharp declined to comment.
In a move that reflects his determination to snatch the Japanese company and its advanced display technology, Foxconn Chairman Terry Gou made another visit to Osaka, western Japan, to negotiate with Sharp President Kozo Takahashi. read the rest here