Home>World News>Sharp posts $927m net loss, signals potential Foxconn deal

Sharp posts $927m net loss, signals potential Foxconn deal

Sharp — which this week posted a ¥108.3bn ($927m) net loss for the first nine months of the current fiscal year, down 5.6% from the preceding year — reportedly favours a a $5.9bn takeover bid by Taiwanese electronics manufacturer Foxconn over a similar offer from Innovation Network Corp. of Japan (INCJ).