Foxconn about to buy sharp for an obscene amount of money

Foxconn is a famous manufacturer of hardware of all kinds, where famous electronic devices such as iPhones, Kindle, XBOX One and Playstation 4 consoles or GoPro cameras are assembled. Located in the Taiwan region, Foxconn has more than 1.2 million workers, it is a true giant and it seems that its empire is going to expand with Sharp's recent purchase offer.

Sharp is another of the giants but from Japan, very famous for the manufacture of LCD panels and memories for many phone manufacturers mainly (iPhone is one of them). Foxconn's original offer to acquire Sharp amounts to 6.2 billion dollars, an exorbitant number that awaits the final response from Japanese managers, one of the most veteran companies in Japan having been created in 1912.

In the event that this purchase were to become official, Foxconn would expand its offer, not only assembling hardware but also starting to manufacture memory chips, LCD panels, CMOS sensors for photographic cameras, microwave ovens, projectors, etc., it would practically cover the entire manufacture of electronic products of the planet.

Foxconn made an offer for $ 5.8 billion

Such is the scope of this purchase, that when Foxconn in recent days left the acquisition "paused", Sharp fell hard on the Tokyo stock exchange. Although originally the offer was $ 6.2 billion, as discussed above, Foxconn would be trying to close the deal for $ 5.8 billion, that is, less money than the first offer because Sharp would have some debts that had not been previously declared..

Everyone agrees that it is only a matter of time before they reach an agreement and Foxconn expanded its technological empire. We will be watching for news in the coming days.