Foxconn raises offer for Sharp to $5.44 billion - WSJ

(Reuters) - Taiwan's Foxconn Technology Co Ltd has raised its offer for troubled Japanese electronics maker Sharp Corp to 659 billion yen ($5.44 billion), a deal that would dilute existing stockholders, the Wall Street Journal reported citing people familiar with the matter. Foxconn is not looking to buy out Sharp shareholders. Rather, the company would inject 389 billion yen into Sharp in exchange for new shares, after which it would hold a roughly two-thirds stake, one of the sources told the