Japan's Sharp accepts Foxconn takeover offer

Japan's Sharp accepts Foxconn takeover offer

A man using his mobile phone walks past a logo of Sharp Corp outside an electronics shop in Tokyo, Japan, in this July 31, 2015 file photo. REUTERS/YUYA SHINO/FILES

Sharp Corp has agreed to a takeover by Taiwan’s Foxconn, sources familiar with the matter said, the largest acquisition of a Japanese tech firm by a foreign company and one that will bolster Foxconn’s position as Apple Inc’s biggest supplier.

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