Foxconn, Sharp extend takeover talks deadline : report

Sharp Corp and Foxconn agreed on Friday to extend a deadline for takeover talks by 1-2 weeks (Source: Reuters)
Sharp Corp and Foxconn agreed on Friday to extend a deadline for takeover talks by 1-2 weeks, a person familiar with the matter said, after the Taiwanese firm had put the deal on hold to clarify “new material information”.
Sharp, a loss-making Japanese display maker, announced on Thursday it had decided to sell a two-thirds stake to Foxconn, in a deal worth an estimated $5.