The deadline has passed for Sharp and Foxconn to agree on investment terms, but the companies apparently are still trying to resolve their differences.
A one-year deadline was set to give both companies time to reach an agreement on a potential investment that would save Japan-based Sharp, which is in difficult financial straits. The 12-month time period has come and gone. However, Foxconn and Sharp are still trying to set mutually acceptable terms, according to unnamed sources contacted by Bloomberg.
Although no agreement is expected to come any time soon, reports earlier this month suggested that Foxconn Chairman Terry Gou … Read more