Japan's Sharp accepts bailout from Foxconn parent: media

Embattled Sharp has accepted a multi-billion-dollar bailout from the parent company of Taiwan's Foxconn, media reported Thursday, in what would be the first foreign takeover of a major Japanese electronics firm. Sharp's volatile stock soared nearly six percent on the reports, which come after weeks of speculation over whether it would choose an offer from a domestic investment fund or Taiwan-based Foxconn parent Hon Hai Precision, a major Apple supplier. Sharp declined to comment on the reports,