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Around the Net
Foxconn, Sharp Finalize $3.5 Billion Deal
- The New York Times, Thursday, March 31, 2016 8 AM
On Wednesday, Foxconn said it had struck a deal to acquire control of the Japanese screen maker Sharp for $3.5 billion, after weeks of negotiations and high-profile setbacks. The deal, for a 66% stake in Sharp, is intended to make Foxconn a more attractive partner for Apple. The American technology company uses Sharp screens, which could give Foxconn added leverage in dealings between the two.
