Foxconn considering cutting takeover offer for Sharp: sources

Taiwan's Foxconn is working towards reducing its planned investment into loss-making Japanese electronics firm Sharp Corp by around 100 billion yen ($893 million) from an initial plan of 489 billion yen, two sources familiar with the matter said on Tuesday. Foxconn, formally known as Hon Hai Precision Industry Co , is seeking to slash the offer to factor in a likely deterioration in Sharp's earnings in the financial year to March 31, and bigger losses in the future than originally expected, the