Foxconn seals $3.5b Sharp takeover amid doubts of Japanese firm's turnaround prospects

Foxconn seals $3.5b Sharp takeover amid doubts of Japanese firm's turnaround prospects

Workers stand at the gate of a Foxconn factory in the township of Longhua in Shenzhen, Guangdong province in this May 26, 2010 file photo. REUTERS/Stringer

Foxconn and Sharp Corp on Saturday formally signed a long-awaited deal that would see the Taiwan firm take control of the Japanese display maker, as executives sought to dispel lingering doubts over whether Sharp can turn around its ebbing fortunes.

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