Foxconn, Sharp extend takeover talks deadline

Foxconn, Sharp extend takeover talks deadline

Sharp Corp Chief Executive Kozo Takahashi (C) is surrounded by media as he leaves the company's Tokyo headquarters in Tokyo, Japan, February 25, 2016, after reports of Sharp Corp agreeing to a takeover by Taiwan's Foxconn. REUTERS/Yuya Shino

Sharp Corp and Foxconn agreed on Friday to extend a deadline for takeover talks by 1-2 weeks, a person familiar with the matter said, after the Taiwanese firm had put the deal on hold to clarify “new material information”.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter