Foxconn to delay signing of Sharp takeover deal, says to clarify terms

February 25, 2016 10:25 AM

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TAIPEI Taiwan's Foxconn on Thursday said it would delay the signing of a deal to take over Sharp Corp (6753.T) as the Japanese firm had included new terms that needed to be clarified.

Sharp said earlier in the day that it had agreed to be taken over by Foxconn, marking the largest acquisition of a Japanese tech firm by a foreign company and bolstering Foxconn's position as Apple Inc's (AAPL.O) biggest supplier.

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