Apple contractor Foxconn to takeover Sharp for $5.8 Bn: Report

Sharp has accepted takeover bid from Foxconn; could supply components to next generation iPhone (Source: Reuters)
Sharp Corp has agreed to a takeover by Taiwan’s Foxconn, sources familiar with the matter said, the largest acquisition of a Japanese tech firm by a foreign company and one that will bolster Foxconn’s position as Apple Inc’s biggest supplier.
The Taiwanese firm, known formally as Hon Hai Precision Industry Co, is set to invest more than 650 billion yen ($5.8 billio