Hon Hai chief in Tokyo for talks on Sharp deal: media
TAIPEI (Reuters) - The chairman of Hon Hai Precision will meet Sharp Corp executives this week in a bid to revive stalled talks over Hon Hai's plans to buy a stake in Sharp, local media reported on Friday.
Terry Gou of Hon Hai, a major supplier of Apple products, is currently in Tokyo, the Economic Daily and the Commercial Times said, citing unidentified sources.
Gou's move comes after Samsung agreed to buy a 3 percent stake in Sharp for $111 million earlier this week.
This would be the first meeting between Gou and Sharp executives in seven months, the Economic Daily said.
Talks to sell a 9.9 percent stake in Sharp to Hon Hai have stalled since last year over differences about executive control, as a March deadline looms.
(Reporting by Faith Hung; Editing by Stephen Coates)
- Oregon resident hospitalized for possible Ebola virus infection
- Fired-up Republicans have edge in midterm turnout war
- Kurdish peshmerga forces enter Syria's Kobani after further air strikes |
- UK says will pay off part of World War One-era debt next year
- Test flight of Virgin Galactic spaceship ends in fatal crash in California |