Sharp's banks considering additional aid as part of Foxconn deal: source

Sharp's banks considering additional aid as part of Foxconn deal: source

A logo of Sharp Corp is seen behind a traffic signal of red outside an electronics retail store in Tokyo, Japan, February 26, 2016. REUTERS/Yuya Shino

Sharp Corp‘s two main banks are set to lower the interest rates on a combined 700 billion yen ($6.2 billion) in loans to the Japanese display maker as part of a planned takeover by Taiwan’s Foxconn, a source with direct knowledge of the plan said.

Bring stories like this into your inbox every day.

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