Foxconn Offers to Buy Sharp for $3.5 Billion

March 30, 2016 9:56 AM

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Foxconn Offers to Buy Sharp for $3.5 Billion

HONG KONG — Foxconn made its biggest move yet on Wednesday to forestall the weakening of its ties with Apple, striking a deal to acquire the Japanese screen maker Sharp for $3.5 billion after weeks of public negotiations and high-profile setbacks.

The deal is intended to make Foxconn a more attractive partner for Apple, because the American company uses Sharp screens. The iPhone transformed the technology industry by popularizing the smartphone and blazing a path to a mobile future.

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