Sharp chooses Foxconn as preferred bidder over Japan fund: sources

By Taro Fuse and Makiko Yamazaki TOKYO (Reuters) - Sharp Corp has chosen Taiwan's Foxconn as its preferred bidder in takeover talks, sources with knowledge of the decision said, paving the way for the biggest acquisition by a foreign company in Japan's insulated technology sector. Foxconn, known formally as Hon Hai Precision Industry Co, offered to invest around 700 billion yen ($5.9 billion) in the struggling electronics maker, one of the sources said. While a generous Foxconn offer had been fl